Qualcomm launched a gigabit LTE-capable chip a year ago, and a first gigabit LTE network went live earlier this month in Australia, but we're not aware of any commercially available phone that can actually achieve gigabit speeds right now. Problem is no telecom carrier in the world supports gigabit LTE yet.

Unsurprisingly, the ZTE gigabit phone is being tipped to use Qualcomm's Snapdragon 835 processor, as it includes an X16 modem capable of supporting gigabit LTE speeds.

Straight from the mouth of babes, ZTE has announced what it plans to showcase at this year's Mobile World Congress 2017, happening February 27 in Barcelona.

Ahead of MWC, ZTE has announced that it will be revealing the rather unimaginatively named ZTE Gigabit Phone at MWC. ZTE says that this will enable the Gigabit Phone to offer features like "360-degree panoramic VR video, instant cloud storage, entertainment upgrades and fast cache of ultra Hi-Fi music and movies".

Moreover, visitors are also welcome to experience ZTE's flagship smartphone, the newly updated Axon 7 with both Android Nougat and Daydream by Google. Although no word on the specifications of the phone has been announced just yet, we should see some big specifications on the spec-sheet when the phone is released this MWC 2017. More details of the smartphone are still under wraps. Do you think we really need such high speeds or are you perfectly content with 4G LTE as it stands?