EXHIBIT 12.1

AIRGATE PCS, INC.
Financial Reporting
Schedule of Earnings to Fixed Charges

                                                   
              Nine Months                           Nine Months
      Year Ended   Ended   Year Ended September 30,   Ended
      December 31,   September 30,  
  June 30,
      1998   1999   2000   2001   2002   2003
     
 
 
 
 
 
      (Dollars in thousands)
Income (loss) before income taxes, minority interest and extraordinary item
    (5,193 )     (15,599 )     (81,323 )     (110,990 )     (1,025,378 )     (76,942 )
Fixed charges
    1,467       9,708       28,570       32,699       64,653       48,869  
 
   
     
     
     
     
     
 
Earnings (loss) available for combined fixed charges
    (3,726 )     (5,891 )     (52,753 )     (78,291 )     (960,725 )     (28,073 )
 
   
     
     
     
     
     
 
Combined fixed charges:
                                               
 
Interest expense
    1,392       651       1,885       3,890       5,272       9,215  
 
Amortization of original issue discount on Subordinate Notes
          8,707       23,043       23,799       50,670       35,747  
 
Amortization of deferred financing costs
                1,192       1,210       1,211       907  
 
Estimated interest expense within rental expense (1)
    75       350       2,450       3,800       7,500       3,000  
 
   
     
     
     
     
     
 
Total combined fixed charges
    1,467       9,708       28,570       32,699       64,653       48,869  
 
   
     
     
     
     
     
 
Ratio of earnings to fixed charges (2)
                                   
Additional earnings necessary for 1:1 ratio
    5,193       15,599       81,323       110,990       1,025,378       76,942  


(1)   The interest component of rental expense was assumed to be 25% of operating lease expense.
     
(2)   Earnings were inadequate to cover fixed charges for the year ended December 31, 1998, the nine months ended September 30, 1999, the years ended September 30, 2000, 2001, and 2002, and the nine months ended September 30, 2002 and 2003 by $5,193, $15,599, $81,323, $110,990, $1,025,378, $335,276 and $76,942, respectively.