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The European Commission is going to invest a vast sum of money to help fund research into advanced Long Term Evolution (LTE) technology.

From January next year, the EU will allocate 18 million euros to research into the development of next-generation 4G mobile broadband networks.

It explained that LTE has the potential to offer mobile internet connections that are up to 100 times faster than 3G networks.

Viviane Reding, the EU's Commissioner for Telecoms and Media said: "With LTE technologies, Europe's research 'know-how' will continue to set the tone for the development of mobile services and devices around the globe."

She noted that LTE technology will offer far superior mobile broadband services, which could help to provide economic benefits.

"Millions of new users will get ultra high-speed internet access on their portable devices, wherever they are," Ms Reding added. "This will create tremendous opportunities and plenty of space for growing the digital economy."

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