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Substantial investment in 4G wireless networks will lead to the development of a truly mobile internet, the Financial Times predicts.

There will be a number of technologies driving the growth in this mobile internet market, with Wi-Max and Long Term Evolution (LTE) both backed by major players in the industry.

According to Aran Sarin, chief executive at Vodafone, growth in this emerging market is imminent.

"Mobile internet is the new, new thing in the industry. And it is here for real and happening now," he told delegates at a recent technology CTIA Wireless Association conference in Las Vegas.

The Financial Times reports that currently, Wi-Max is currently ahead of the field in terms of products and availability, with major deployment projects scheduled in the US.

While LTE will not be commercially available until late 2009, the paper notes that it does have the backing of a number of prominent infrastructure providers, including Nokia and Ericsson.

Earlier this month, the Register reported that delays to the upcoming Ofcom high-bandwidth spectrum auction could be a major blow for the development of Wi-Max in the UK.

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