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.
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
parts of this definition come via Wikipedia, the free encyclopedia
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