Activations lag sales by days to weeks, so the gap between the lines is pipeline — routers with merchants not yet switched on — not a conversion rate.
Solid to MTN's last reported day; dashed after that, where the value is what we sold plus the bundles that day's activations loaded.
Share of activated routers by days of silence — since the last recharge, or since the included bundle ran out, whichever is later — measured against , the latest day MTN has reported. Routers still inside their bundle month are held back until they have had a chance to recharge. The final band holds routers past MTN's own ~100-day horizon and those never recharged; the feed reports both the same way, so they are not split apart here.