CEO AT&T says a faster iphone next year

SAN JOSE, Calif.

AT&T Inc. says it plans to offer a version of an iPhone next year that runs on a faster wireless network so users can get speedier results when surfing the Web.

The move would address one of the main drawbacks about the smart phone made by Apple Inc. and distributed exclusively by wireless carrier AT&T in the United States.

AT&T Chief Executive Officer Randall Stephenson spilled the news during his appearance at an event late Wednesday at the Churchill Club in Santa Clara.

A spokeswoman for Apple declined to comment Thursday.

Stephenson said he didn't know how much more the new version will cost than the existing model, which sells for $399.

Many industy observers had expected apple to make a faster 3G networks, at current model Apple's runs on 2.5G Networks which relatively slow EDGE Network.

The performance is rising up from a dial up to a broadband connection ( example ).