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Sadly, there's more than just that one catch.
The speed cited is in the lab. In the real world, the bottleneck for internet is not the speed of the wifi typically - it's the speed of the wired connection that moves from your cable modem or similar modem device to the ISP.
Unless those connections are upgraded to multiplex fiberoptics, all you'll get is a really fast connection to the bottleneck.
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