A quick internet search says that telnet will default to 2400 bps if not negotiated. I am using a telnet driver (IP2IR) and would like to increase the speed, if possible.
No. Where are you getting this from? What you're citing seems likely to be true for serial-line IP connections with modems.
Any TCP/IP-based protocol will use the link speed - so 100 mbps in this instance.
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