Vodafone Group (LSE: VOD), Qualcomm and Xiaomi have achieved Europe’s first successful technical test of advanced 5G uplink technology, capable of peak upload speeds of 273 megabits per second (Mbps). The test paves the way for faster speeds and wider coverage in 2024, according to a statement on Monday.

Most current services only offer average upload speeds of 100Mbps. The enhanced technology significantly raises upload capabilities closer to download levels, whilst extending coverage and increasing capacity, the companies said.

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“We want our customers to be among the first anywhere to benefit from this new 5G feature,” said Vodafone’s Chief Network Officer, Alberto Ripepi.

Vodafone is working with key partners to lead the industry in commercialising the necessary network, chips and devices to make this a reality.

Shares of Vodafone were up 0.9% to 68.30p on Monday morning. The stock has fallen 25% over the past year.