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A new modem chip handset with the potential to support wireless broadband download speeds of 100MB has been unveiled by LG.

The technology firm's new handset is built to 3GPP Long Term Evolution (LTE) standards and is also said to support upload speeds of up to 50MB.

LG believe this has moved the mobile broadband industry one step closer to a consumer 4G handset.

Dr Woo Hyun Paik, chief technical officer at LG Electronics, said: "Now that LG has developed and tested the first 4G handset modem, a commercially viable LTE handset is on the horizon.

"Our successful development of this LTE handset modem signals the start of the 4G mobile communications market."

Research by Strategy Analytics suggests that the market for LTE handsets will double globally between 2012 and 2013.

At a demonstration earlier this week, LG managed to achieve download speeds of 60MB and upload speeds of 20MB.

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