Level 3 Communications issued the following statement regarding its discontinued peering relationship with Cogent Communications. Sureel Choksi, executive vice president of Level 3 Communications, stated:"Free peering, also referred to as settlement-free peering, is a contractual relationship under which two companies exchange Internet traffic without charging each other. In order for free peering to be fair to both parties, the cost and benefit that parties contribute and receive should be roughly the same. The previous arrangement with Cogent...