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The Aussie telco with the fastest 5G network

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The tech-battle is on to find which network has the best 5G technology – and now one crowned the fastest in Australia

A few years after rolling out, 5G is almost everywhere across Australia.

But while the technology still hasn’t quite hit 80 percent coverage of Australia, the hardware is quite common.

As more people use the new technology, the more the telco networks are being tested.

Australia’s three leading telco giants all have their own 5G networks, and now one of the main mobile speed testing platforms has tested all, and one came out on top.

Optus wins fastest network by Ookla

Ookla’s Speedtest app — which is also the app we use to test mobile performance on every phone review — has noted that Optus has jumped to the top of the Australian speed tests, beating out the likes of Telstra and Vodafone.

The tests came from individual users with Ookla comparing 332,972 5G tests across iOS and Android, and finding Optus was the fastest of the telcos.

Ookla found that Optus won, with a download speed at roughly 323.94Mbps, followed just behind with Telstra with 304.14Mbps and then Vodafone at 201.89Mbps. 

That’s found in an Ookla report on the Optus 5G win, which also shows that 79,785 devices made the tests, with more tests made on the iPhone 12 Pro Max than any other handset.

“Last year we made a commitment to our customers that we would build Australia’s fastest 5G network and I’m proud to say we’re delivering,”

Matt Williams, Managing Director for Marketing and Revenue at Optus.
Optus wins high speed 5G network.

“We know that our customers want 5G, in fact eight out of every 10 devices we sell in store today are 5G capable”

5G devices have continued to grow in popularity, with both Samsung and Apple now offering devices that are compatible with the new tech.

What about the little telcos?

Optus is currently the only mobile network provider to allow smaller telcos, known as mobile virtual network operators (MVNOs), to also offer 5G phone plans on the Optus network. SpinTel and Aussie Broadband two of these smaller telcos to now offer 5G plans with Optus coverage.

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Money

China has pledged to “significantly increase” debt to jumpstart its economy

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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