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.
“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.
Bank accidentally deposits $86M into client’s account
A financial institution mistakenly deposited over $86 million into a client’s account, causing shockwaves in the banking industry.
The error came to light when the client, a small business owner, checked their account balance and discovered the astronomical sum. It is being hailed as one of the most significant banking errors in recent memory.
The client, who wishes to remain anonymous, reportedly contacted the bank immediately upon noticing the massive windfall. Bank officials were left scrambling to rectify the error, which has raised numerous questions about the institution’s internal controls and safeguards.
The client’s account, initially holding just a few thousand dollars, suddenly displayed a balance that could buy luxury yachts, mansions, and more.
The incident has prompted investigations by regulatory authorities to determine how such an egregious error occurred in the first place.
While the bank has issued an apology and assured the client that the funds will be corrected to the proper balance, it remains unclear how this mistake could have happened on such a colossal scale.
The financial institution may also face potential legal consequences for the error, as well as reputational damage that could impact its future business.
Tech giants drive global mega-cap surge amid inflation relief
Tech giants have taken the lead in propelling global mega-cap stocks to new heights.
This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.
The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.
The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.
Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?
Real reason bosses want employers back in the office
As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.
Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.
This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured
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