Keeping its promise of launching a new smartphone at the Mobile World Congress (MWC 2017), ZTE unveiled the all new Gigabit phone. The Chinese smartphone maker ZTE, on February 26, announced the Gigabit phone and claimed that download speeds in the device can reach up to 1Gbps. The ZTE Gigabit smartphone features the Qualcomm Snapdragon 835 processor along with Snapdragon X16 LTE modem integration. This phone reportedly uses latest technologies which enable the phone to achieve LTE speeds around 10 times faster than 1st gen LTE phones. The phone also has improved capacity to process data over a network. The ZTE Gigabit phone makes it possible for the user to make a 4K video, VR video as well as 360-degree video, all on the go. The phone also has instant cloud storage capacity, which makes it a winner. Along with it, the Gigabit phone has a quick cache of music and films and an instant app which makes it unnecessary to download or install apps. At the Mobile World Congress, ZTE unveiled a 5G IT baseband unit (BBU), based on architecture by Intel. The new technology which has been developing and being tested is over the 4G LTE, and not really the 5G or fifth generation of network. Meanwhile, The Verge reported that Verizon has informed about plans of testing its 5G network in various cities in the US. Meanwhile, AT&T is planning to test its '5G Evolution' network later this year. Also read | MWC 2017: Here\u2019s how the new Nokia Android smartphones are different from the dead Lumia devices Earlier, ZTE had plans to manufacture a phone by crowdsourcing from the community but later called off the project. The Hawkeye smartphone was part of a Kickstarter campaign. It was also known as Project CSX.\u00a0ZTE showcased the Gigabit phone at the MWC along with its self-developed Pre5G Giga+ Mobile Broadband (MBB) solution.\u00a0ZTE also unveield its MYHome voice assistant and a few other technologies used for smart homes and smartphones.