Malaysia is leader in fast 4G Mobile Internet Services

As cellphone users in many countries are getting used to the greater speed of the 3G mobile internet, telecom companies around the world are testing even faster 4G high-bandwidth services.

Malaysia’s YTL Communications is a leader in this race. The Malaysian company is investing more than $700 million to get its 4G network up and running in that southeast Asian market by the end of this year, with help from global companies including Samsung, Cisco and Intel .

Other 4G services have debuted around the world in pockets of countries as diverse as the U.S. and Russia but this will be the world’s first nationwide, 4G network, enabling real mobile broadband. Convergence of voice and data through mobile hasn’t really been done properly yet through 3G.

Mobile phone ownership in Malaysia is already about 100% or even higher since some people have more than one phone account.

Malaysians also have shown strong interest in mobile internet. According to The Economist, only 7% of subscribers in Malaysia had a handset capable of connecting with a 3G network in 2007. That number jumped to 25% last year, and if “dongles” (devices that connect laptops to mobile networks) are included, 3G penetration is closer to 40%.