How fast is Telstra's new 4G network? Pretty darned fast, according to a recent speed test that Ausdroid ran on an HTC Velocity -- Australia's first 4G handset. As the above image clearly demonstrates, the device impressively managed to reach download speeds of 32.82Mbps, with upload rates of 11.26Mbps. Ausdroid was quick to point out that speeds will likely vary across Telstra's network, though it wasn't the only one to report astronomic numbers. Trevor Long, in fact, actually managed to top Ausdroid's results, with a whopping 39.85Mbps downstream, and 11.88Mbps upstream. He also posted an image to his Twitter account, just to rub it in.

Update: Long has actually outdone himself yet again, reaching speeds of 40.77Mbps (down) and 20.07Mbps (up). Photographic evidence after the break.

[Thanks, Jason]