VoIP is any time you take sound and packetize it using standard (H.323, SIP,
etc) or non-standard (Cisco's Skinny) protocols, which, in turn, allows
one's voice to travel over IP.  When you use VoIP to inmitate and/or expand
upon traditional POTS telephony (ip-to-pstn, call forwarding, call-waiting,
the stuff that Howard says above), it is more-encompassing to use to use the
term IP Telephony.

Internet Telephony -- well, the word Internet implies that data is
traversing different ISP backbones (autonomous systems) between the two or
more VoIP callers.  I would say Internet Telephony is one way to do IP
Telephony but that IP Telephony doesn't need to use the Internet such as
when it is used on a LAN only or when the WAN does not traverse the Internet.


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