InP-based HBT-technology is a prime candidate to provide ultra fast 1Cs.for 40 and 80 Gbls operation and has the unique potential for realizing monolithic opto/electronic ICs (OEIC) at the mainstream 1.55pm wavelength. We review our own as well as other group's work on 40 Gbls lightwave communication circuits and address on-going scaling efforts for InP-HBTs with ft and f, , , >300 GHz. Preliminary device and circuit simulations show extendibility of aggressively scaled HBT-technology towards I60 Gb/s operation.