What is discovered here is the impact of the one year where the best relative return of the portfolio blended with gold and real estate might be skewing the previous data.
Blended churn (as defined in Note 3 to the Selected Data, below), reflecting both contract and prepaid customers, increased to 4.0% in the fourth quarter of 2011, up from 3.5% in the third quarter of 2011 and 3.6% in the fourth quarter of 2010.