Beijing : Chinese smartphone maker ZTE is set to launch the "Gigabit" phone at Mobile World Congress (MWC) in Barcelona later this month.

"The ZTE Gigabit phone will revolutionise connectivity with a new standard of download speeds, 1Gbps, bringing a qualitative leap to a new world of mobile experience by making 360-degree panoramic VR video, instant Cloud storage, entertainment upgrades and fast cache of ultra Hi-Fi music and movies possible," the company said in a statement on Friday. 

ZTE will focus on leading 5G evolution, advancing cloudification, creating the Internet of Everything (IoT) and developing state of art devices. 

The company will also showcase the newly updated "Axon 7" with both Android Nougat and Daydream by Google along with a range of new devices as part of the highly acclaimed Blade series.