What we aggregate

Where possible we aggregate our data to provide regional and world level views. We do this where we have complete data sets, or where we have a well populated metric. A full list of the data we aggregate is shown below.

How we aggregate

Sum

Where the data is a count (e.g. connections, net adds), we add the items of data to reach a total for the country, region or group.

Weighted average

Where the data is a metric of something that is counted (e.g. share of net adds, minutes of use per user per month) we use a weighted sum to reach a total for the country, region or group.

Currency

Where the data involves a financial measure expressed in a currency (e.g revenue, ARPU) we first convert the individual data points into a common currency (user selectable) at historic or spot rates (user selectable), then we perform either a sum or a weighted average, as appropriate.

Data Type Definition Breakouts
Connections
Number of Connections The sum of relevant operator connections Total, cdmaOne, CDMA2000 1X, CDMA2000 1xEV-DO, GSM, WCDMA, TDMA, PDC, iDEN, Analog
Growth Rate, Connections Connections in current quarter divided by connections in previous quarter shown as a percentage Total, cdmaOne, CDMA2000 1X, CDMA2000 1xEV-DO, GSM, WCDMA, TDMA, PDC, iDEN, Analog
Growth Rate, Connections - Year on year Connections in current quarter divided by connections in relevant quarter a year previously shown as a percentage Total, cdmaOne, CDMA2000 1X, CDMA2000 1xEV-DO, GSM, WCDMA, TDMA, PDC, iDEN, Analog
% of Connections The number of connections in the relevant technology divided by the total connections for the given operator, expressed as a percentage. Total, cdmaOne, CDMA2000 1X, CDMA2000 1xEV-DO, GSM, WCDMA, TDMA, PDC, iDEN, Analog
Market Penetration Number of connections divided by Population Total
Net Additions The sum of relevant operator net adds Total, cdmaOne, CDMA2000 1X, CDMA2000 1xEV-DO, GSM, WCDMA, TDMA, PDC, iDEN, Analog



Data Type Definition Breakouts
Operational
ChurnThe weighted sum of relevant operator monthly churn. Weighted by connections market shareTotal
Minutes of Use per UserThe weighted sum of relevant operator monthly minutes of use per user. Weighted by connections market shareTotal
ARPUThe weighted sum of relevant operator ARPU. Weighted by connections market share. Currency converted at constant rate - the average Oanda.com rate for the current quarterTotal
Subscriber Acquisition Costs per userThe weighted sum of relevant operator subscriber acquisition costs per user. Weighted by connections market shareTotal



Data Type Definition Breakouts
Financial
Capex / Revenue - Rolling 12 monthRolling 12 month capex / Rolling 12 month total revenues, converted at historic currency. Total
EBITDA marginThe weighted sum of relevant operator EBITDA margin. Weighted by revenue market shareTotal
Opex / Revenue - Rolling 12 monthRolling 12 month Opex / Rolling 12 month total revenues, converted at historic currency. Total