This paper outlines the growth of Internet Telephony from its beginnings, focusing on the market and its potential to mature far beyond the niche application phase. Internet Telephony has evolved to become a key platform for realizing the long-promised benefits of voice/data convergence and the merging of the Public Switched Telephone Network (PSTN) with the Internet. This paper also outlines the requirements of an Internet Telephony network and the advantages such a network would bring as a new infrastructure projected to evolve alongside current circuit-switched technology and today's Internet' and converge with them in the near future. The paper concludes with a look at the key concepts and assumptions underlying the evolution of this new infrastructure.
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