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On September 1 of 2004, RedCLARA began to provide direct connectivity with 155 Mbps, in "a ring" topology, linking the NRENs of Argentina, Brazil, Chile, Panama and Mexico, and connecting them to GÉANT at 622 Mbps throughout a connection between São Paulo, Brazil, and Madrid, Spain.

Minimum RTT and Packet Loss from US to Latin American Countries

 
Figure shows the Min RTT and packet loss to Latin American countries from SLAC. Mexico seems to have the least RTT and acceptable loss due to its direct connectivity with the US. Argentina, Brazil and Chile are also performing reasonably well.  Bolivia, Ecuador and Paraguay are catching up. However Cuba is still stuck to satellite and the performance is dreadful.