What is "Voice Over IP" (VOIP)?

What is "Voice Over IP" (VOIP)?

This is the protocol, this is the standard that has emerged that allows your voice to be turned into data and transmitted over the Internet: Voice Over Internet Protocol. It's really revolutionizing voice communications all over the world. In developing countries, what we're going to find is that the kinds of communications infrastructure that we have in this country that's developed over the last century in the way of hard telephone lines being wired all over the place, that's really not going to be what's emerging in these developing countries. What's going to emerge in these developing countries are cellular networks, data networks, broadband networks, wireless broadband networks, and all the kinds of new communications possibilities that come along with that. Voice communications that may, in some casees, may exist exclusively on digital cellular networks or on Voice Over IP data networks.