A point to point or private line is (opposed to VPN) a physical line between to locations which is totally transparent, so with a point to point line a remote location is physically connected to the network on the other side, as if being there. The line is delivered from demarcation point to demarcation point.
A Point to point private line can have many different speeds, from a DS0 to a T1, DS3 or OC-...
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