Latin America will soon be seeing its first batch of LTE-connected devices, thanks to Mexico's telecommunications company América Móvil.

Last week, the network provider, owned by business mogul Carlos Slim, finished conducting a field testing of LTE Broadcast in Rio de Janeiro, the first ever to be done in the Latin American region.

The transmission trial was done via América Móvil's local subsidiaries NET and Claro at the Rio Open tennis competition, the biggest tennis tournament in all of South America, held from February 15 to 21.

The testing was successfully done with the help of Swedish-based telecommunications equipment company Ericsson as well as other companies like Samsung, who provided Galaxy S6 handsets, which are compatible with the LTE Broadcast.

LTE or Long Term Evolution connection allows multiple subscribers to access high-quality videos simultaneously via a continuous signal transmission.

It is an easily deployable network connection that offers high speed even with low latencies in long distance connections.

The devices provided by Samsung are powered by the Korean company's Exynos as well as Qualcomm's Snapdragon chipsets, the only processors compatible with the LTE Broadcast.

The testing was the first to be conducted in Latin America, with other recent tests conducted by operators in Poland, Australia and the United States.

Since it is a new and still expensive technology, companies that wish to provide LTE connections should "pay off in order to take off."

That should not be a problem with Slim's company, considering how they reported a recent profit surge during the fourth quarter of 2015.

According to the report, América Móvil's net profit increased by 0.6 percent due to a reported decrease in operational costs. This was caused by the decline in the number of prepaid clients in Brazil during the current recession, which was offset by an addition of some 1.5 million postpaid subscribers.

Operating costs, also known as Ebitda, decreased by 5.1 percent compared to the statistics recorded in 2014, partly because of the weaker currencies in several countries in the Americas.

Furthermore, subscriptions to América Móvil's television, fixed-line phones and Internet services also had an increase of 1.4 million.

With these numbers, the Mexican business magnate's telecom company is set to deliver endless possibilities for Latin America, particularly in terms of speedy Internet service for the region.

After all, Slim was not hailed Mexico's richest and one of the most powerful men in the world for nothing.