SYDNEY –Australian Telecommunications giant Telstra has launched the world’s first Gigabit LTE network for mobile internet.
A media demonstrated of a computer linked to the service on Tuesday reached a download speed of 886 Mb per second, 10 times faster than the countrys fiber optic network.
Partnered with infrastructure provider Ericsson, computer chip maker Qualcomm and network vendor Netgear, Telstra has beaten 15 companies in 11 countries to be the first in bringing this technology live.
At the moment the average smart phone uses 1.9 GB of data per month, by 2022 that number is expected to reach 11 GB.
“The average time watching video on a smartphone has more than doubled since 2011, 75 percent of mobile data traffic will be from streaming video by 2022,” Ericsson ANZ chief executive Emilio Romeo said on Tuesday.
At 15:56 (AEDT) Wednesday Telstra shares are currently trading at 5.06 Australian dollars.