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Boy Genius Report cites an internal iOS test from an unnamed carrier that includes a property list for LTE. As noted, the inclusion of the code doesn't mean that the iPhone 5 -- or every iPhone 5 -- will support LTE; it just means that it's been tested.
LTE (Long Term Evolution, a.k.a. 4G) is a big upgrade from 3G service. With LTE, users can enjoy download speeds of 5-12 Mbps and uploads of 2-5 Mbps, which are on par with conventional broadband. That compares with a max of 1.4 Mbps for downloads and 0.8 Mbps for uploads on 3G, the service now available for the iPhone. The iPhone 5 could be unveiled as early as September 8, according to reports.