Yes you read it right. According to one of the research made at MIT led by Vincent Chan, the Joan and Irwin Jacobs Professor of Electrical Engineering and Computer Science, showed how using Optical Fibre and sending data like light travels, internet can be 100 times faster than now.
However getting to this stage might take years because the current hardware will have to be replaced by the new ones and cost of upgrdaation will have to be taken into account.