1.2 GB per second speed in internet browsing for a low cost??? 
Is it a dream? or Is it science fiction?
The answer is no. Japan's Aerospace Exploration Agency (JAXA) and Mitsubishi Heavy Industries has launched an experimental super-speed satellite into orbit yesterday (0855 GMT) as per CNN and BBC. This would be a mile stone in super-speed data communication over the internet. And it would enable Hi-definition TV broadcasts.
This is still in experimental stage and only available in Japan and 19 other loations in south east asia as per JAXA.
This is grea news for the IT industry as a whole. 
References
BBC
CNN