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+IP transit is a form by which wholesale Internet bandwidth is sold (or in the case of Melbourne Wireless provided) to Internet service providers (ISPs) and content providers. Pricing is typically offered on a per megabit per second per month basis (Mbit/s/Month) and requires the purchaser to commit to a minimum volume of bandwidth. Pricing for the bandwidth can be reduced significantly by purchasing larger volumes or extending the contract term.
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+Modern IP transit agreements typically provide service level guarantees to almost all of the major Internet Exchange Points within a continental geography such as North America. These service level agreements still provide only best-effort delivery since they do not guarantee service from the Internet Exchange Point to the final
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+parts of this definition come via Wikipedia, the free encyclopedia
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