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They throttle.
Which I can trivially prove, because my Three mobile on a different contract easily gets to 40-50Mbps when the Three card in the router was topping out at 0.5Mbps.
Speaking to their customer care team, their response was "But the unlimited data only applies to a mobile phone and not a Home-Fi solution".
This I want to know more about.
I have a Three unlimited data SIM card that I pulled 80GB off last month at 50Mbps before they throttled it down to useless. Our home ADSL is only capable of 14Mbps though, so the Three SIM was way better... but the ADSL provides a solid base load.
I'd love to be able to construct a solution that would always put the first 10Mbps through ADSL and then would attempt to send the rest through whatever the hell was available to it.