EXHIBIT 12

CROWN CASTLE INTERNATIONAL CORP.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(DOLLARS IN THOUSANDS)

 

     Years Ended December 31, 2003  
     2001     2002     2003     2004     2005  
     (As restated)     (As restated)     (As restated)     (As restated)        

Computation of earnings:

          

Income (loss) from continuing operations before income taxes, minority interest and cumulative effect of change in accounting principle

   $ (360,708 )   $ (331,035 )   $ (457,017 )   $ (307,349 )   $ (393,654 )

Add:

          

Fixed charges (as computed below)

     300,772       314,475       300,634       250,037       178,982  
                                        
   $ (59,936 )   $ (16,560 )   $ (156,383 )   $ (57,312 )   $ (214,672 )
                                        

Computation of fixed charges and combined fixed charges and preferred stock dividends:

          

Interest expense

   $ 180,990     $ 180,484     $ 186,675     $ 197,258     $ 127,632  

Amortization of deferred financing costs, discounts on long-term debt and dividends on preferred stock

     89,776       93,411       72,159       9,512       6,174  

Interest component of operating lease expense

     30,006       40,580       41,626       43,307       45,176  
                                        

Fixed charges

     300,772       314,475       300,460       250,077       178,982  

Preferred stock dividends

     79,028       (16,023 )     55,897       38,618       49,356  
                                        

Combined fixed charges and preferred stock dividends

   $ 379,800     $ 298,452     $ 356,357     $ 288,695     $ 228,338  
                                        

Ratio of earnings to fixed charges

     —         —         —         —         —    
                                        

Deficiency of earnings to cover fixed charges

   $ 360,708     $ 331,035     $ 457,017     $ 307,349     $ 393,654  
                                        

Ratio of earnings to combined fixed charges and preferred stock dividends

     —         —         —         —         —    
                                        

Deficiency of earnings to cover combined fixed charges and preferred stock dividends

   $ 439,736     $ 315,012     $ 512,740     $ 346,007     $ 443,010