According an executive from Telstra, Australia will have the fastest Apple 3G iPhone in the world by the end of the year.

"We know what is coming we have seen the new device and it will be available on our network as soon as it is launched in the USA. By Xmas this phone will be capable of 42mbs which will make it faster than a lot of broadband offerings and the fastest iPhone on any network in the world", they said. "We believe that this will be a major driver for many peope to invest in a new smart phone it will will also create a big buzz as many vendors plan to launch new smart phones at the same time".

More signs that the 3G iPhone is coming sooner than later. Investment analyst Gene Munster cautioned investers to keep their expectations in check, saying the new 3G iPhone will be almost identical to the current model, save for the 3G chipset.

via ChannelNews