Well there we have it Ladies & Gents.. Telstra’s first 4G smartphone will be the HTC Velocity 4G and according to various sources it will launch at the end of this month (our source says the 24th). From the photo we scored for a source, we can tell it will launch for $0 upfront on Telstra’s $79 cap, which may seem quite high but when it’s the first 4G phone in the country they can price it however they like.

Included on the $79 Freedom Connect Plan is $800 of call credit and 2GB of data (including 4G, as far as we know). Spec-wise the HTC Velocity 4G is very similar to the HTC Sensation:

  • 1.5GHz Dual-Core CPU
  • Android 2.3.4 w/ Sense 3.5
  • 4.5-inch qHD (960×540) LCD Display
  • 8MP Rear Camera (shoots 1080p) / 1.3MP Front Camera (shoots your face)
  • 1GB RAM

So if you’re holding out for 4G on Telstra, this device is going to be your only choice for the time being. Will you sign up?