The gigabit is a multiple of the unit bit for digital information or computer storage. The prefix giga (symbol G) is defined in the International System of Units (SI) as a multiplier of 109 (1 billion, short scale), and therefore The gigabit has the unit symbol Gbit or Gb. Using the common byte size of 8 bits, 1 Gbit is equal to 125 megabytes (MB)... Found on http://en.wikipedia.org/wiki/Gigabit