The International Telecommunication Union (ITU) Radiocommunication Assembly has finalised the specifications for next generation mobile broadband technology.
According to the union, the new network will be at least 100 times faster than the current 3G one and will also work in a more efficient manner.
The IMT Advanced network, which is the official name for LTE-Advanced and WirelessMAN-Advanced network, sets out the requirements for a true 4G mobile network.
"IMT-Advanced marks a huge leap forward in state-of-the-art technologies, which will make the present day smartphone feel like an old dial up Internet connection,” said ITU Secretary-General Hamadoun Touré in a statement.
"Access to the internet, streaming videos and data transfers anytime, anywhere will be better than most desktop connections today."
In order to work, the standard requires a data rate of 100Mb for moving connections and 1Gb for fixed connections.
In the UK, telecoms regulator Ofcom has delayed the process of auctioning off the 4G spectrum and has this month announced that firms bidding for a proportion must commit to extending mobile coverage to 98 per cent of the UK.