Businesses across the globe could have access to ‘ultrafast’ Wi-Fi before the end of the decade, according to Huawei Technologies.

The Chinese telecommunications giant claims to have successfully tested the industry’s first 10Gbps connection at its headquarters in Shenzhen and says that the technology could be made commercially available as soon as 2018, firstpost.com reports.

Using 5GHz frequency bands, experts managed to achieve speeds of 10.53Gbps – approximately ten times faster than the current commercial standard. Such a significant boost was made possible thanks to a substantial increase in spectrum efficiency.

The company said in its press release: “The success of this prototype development, and the tenfold increase in spectrum efficiency that made it possible, paves the way for the validation of technologies needed to support the creation of next generation Wi-Fi.

“Huawei believes that ultrafast Wi-Fi could become commercially available from 2018 pending the agreement of global standards requirements and sufficient chipset availability.”

The claims come after one of Huawei’s principal engineers, Osama Aboul Magd, was appointed chairman of the Institute of Electrical and Electronics Engineers’ (IEEE) 802.11ax task group. One of the team’s objectives is to work on the new standard’s long-term development.

As well as Wi-Fi, Huawei is set to invest heavily in next-gen mobile data connections over the next five years. According to techweekeurope.co.uk, the company will dedicate around £374 million to the development of 5G technology, which it says will also offer speeds of 10Gbps.