According to the latest Groupe Speciale Mobile Association (GSMA) report into the region -- The Mobile Economy: Latin America 2014 -- there are already 718 million mobile connections in Latin America and that number is expected to have swollen to 956 million by the end of the decade.
Latin America is shaping up to be of the world's fastest growing regions for smartphone connections. Between 2010 and 2013 smartphone ownership grew 77% a year. By 2020 it will be second only to Asia Pacific when it comes to active smartphones in use.