Is this the end for the NBN?
GOOGLE'S parent company Alphabet says it is developing wireless internet which will be as fast as fibre optic cable and is planning to trial the new technology in Kansas City, at the end of this year.
During the company's annual shareholder meeting last week Alphabet chairman Eric Schmidt said the technology which would rely on more accurate wireless signals to deliver speeds of up to one gigabit a second, was progressing nicely.
One gigabit per second is the same speed as Google is presently able to achieve using fibre optic cable and it's thought the new technology could end up being cheaper than having to dig up streets and gardens to lay down wiring.
In Australia where the Federal Government has committed to spending $29.5 billion on laying fibre optic cables to nodes on street corners the best speeds available are 100 Megabytes per second.
Budget documents revealed in May that the project was costing more than expected and the present funding package would only last until the end of the 2016-17 financial year.
The Wall Street Journal reports Mr Schmidt told shareholders he had met with the company's chief executive and its chief financial officer to discuss the technology and its commercial viability.
"The best way to predict the future is to invent it," Mr. Schmidt said.