1344 is the speed the modem connects to the telephone exchange.
Data travels in an ATM formet over this link, and the Internet uses IP format. There is an overhead to this, i.e. around 10 to 13% of the connection is lost in the conversion, so the 1344 becomes around 1189Kbps.
Then due to the way BT Wholesale runs it systems, they have a fixed number of speed profiles, the closest...



