"By mid-2018, there were 442 million unique mobile subscribers across Latin America and the Caribbean, accounting for 68% of the population. The region is characterised by varying levels of mobile subscriber penetration. A number of countries (such as Chile, Uruguay and Argentina) are approaching saturation of the total addressable market, while others (including Honduras, Guatemala and Nicaragua) still exhibit relatively low levels of penetration. Despite slowing mobile subscriber growth in recent years, Latin America and the Caribbean still has substantial room for growth. The region will account for 10% of all new subscribers globally out to 2025. Material increases in subscriber numbers will be delivered by major markets including Brazil, Mexico and Colombia, which have penetration levels close to the regional average. By 2025, around three quarters of the region’s population will subscribe to mobile services, closing the gap on the average for developed markets (87%)." (Executive summary)