Internet Speed is very low with ppp in modem shell for nrf9160.

I am connecting to Nordic nrf9160 from linux through PPP of modem shell application for internet connection. I am observing very slow internet speed where it is taking approximately 1.30 minutes to download 1MB of data. Below are some test results.

time wget http://speedtest.ftp.otenet.gr/files/test1Mb.db 
Connecting to speedtest.ftp.otenet.gr (212.205.74.89:80)
saving to 'test1Mb.db'
test1Mb.db            42% |***********************                                 |  430k  0:00:49 ETA
test1Mb.db           100% |********************************************************| 1024k  0:00:00 ETA
'test1Mb.db' saved
 
real    1m32.443s
user    0m0.022s
sys 0m0.093s
time wget speedtest.ftp.otenet.gr/files/test1Mb.db
Connecting to speedtest.ftp.otenet.gr (212.205.74.89:80)
saving to 'test1Mb.db'
test1Mb.db 45% |************************* | 463k 0:00:35
test1Mb.db 100% |********************************************************| 1024k 0:00:00 ETA
'test1Mb.db' saved
 
real 1m29.821s
user 0m0.018s
sys 0m0.092s
I want to know is there any possibility of increasing the speed? or what speed I am getting here is the expected one from this hardware. 
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