Australia’s largest telecommunications company, Telstra, has never been one afraid of blowing its own trumpet but even it’s blown harder than usual with the news this morning that it plans to unleash the world’s fastest 3G mobile internet service over the next two months.

The speed will increase from its 14.4Mbps present maximum to 21Mbps in that time.

The big question is whether it’s actually going to be value for money for most users. Looking at Telstra’s pricing plans though, it’s unlikely.

According to a report on news.com.au, Telstra’s plan is to boost that speed to 42Mbps by the end on 2009/early 2010.

Currently, a 1GB broadband plan on Telstra’s 3G network costs $AUD59 (about $US39) but it’s local competitors appear to offer better value, albeit at comparatively slower speeds.

Optus reportedly sells its 6GB-per-month package at $59.99 while Vodafone will do the same bandwidth allocation for $AUD39.95. Both Optus and Vodafone have a current maximum transfer rate of 3.6Mbps, well down on Telstra’s current, let alone, proposed maximum speeds.

The new speed transition was announced overnight and this morning, Telstra is claiming the speed as a new Guiness world record.

The Australian representative of the Guinness World Records, Mr Chris Sheedy, today declared Telstra’s achievement as “phenomenal and a real win for everyday Australians and Australian businesses.”

Telstra recently was cut from the Australian Government’s National Broadband Network (NBN) tendering process.

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