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From what I know it is equal to 1024 kbps. That's Kilobits per second not Kilobytes per second (KBps)
1 mbps (mega bits per second) = 1000 kbps (kilo bits per second) as defined by IEEE. So, 100 mbps = 100,000 kbps.
1024 bits
T1 transmits at about 1550 kilo bits per second; T3 around 6500 kbps.
In terms of internet transfer speeds, it describes the speed of the connection. This transfers data at 200,000 bytes per second. However, if the speed is in Kbps rather than KBps, the measurement is actually in kilobits. There are 8 bits to one byte, so you would have to divide this number by 8 to get the kilobytes per second.