<s>
PIP	O
in	O
telecommunications	O
and	O
datacommunications	O
stands	O
for	O
Private	B-Protocol
Internet	I-Protocol
Protocol	I-Protocol
or	O
Private	B-Protocol
IP	I-Protocol
.	O
</s>
<s>
PIP	O
refers	O
to	O
connectivity	O
into	O
a	O
private	O
extranet	B-Architecture
network	O
which	O
by	O
its	O
design	O
emulates	O
the	O
functioning	O
of	O
the	O
Internet	O
.	O
</s>
<s>
Specifically	O
,	O
the	O
Internet	O
uses	O
a	O
routing	O
protocol	O
called	O
border	B-Protocol
gateway	I-Protocol
protocol	I-Protocol
(	O
BGP	B-Protocol
)	O
,	O
as	O
do	O
most	O
multiprotocol	B-Protocol
label	I-Protocol
switching	I-Protocol
(	O
MPLS	B-Protocol
)	O
networks	O
.	O
</s>
<s>
Whereas	O
the	O
Internet	O
is	O
a	O
public	O
offering	O
,	O
MPLS	B-Protocol
PIP	O
networks	O
are	O
private	O
.	O
</s>
<s>
Private	B-Protocol
IP	I-Protocol
removes	O
the	O
need	O
for	O
antiquated	O
Frame	B-Protocol
Relay	I-Protocol
networks	I-Protocol
,	O
and	O
even	O
more	O
antiquated	O
point-to-point	B-Architecture
networks	O
,	O
with	O
the	O
service	O
provider	O
able	O
to	O
offer	O
a	O
private	O
extranet	B-Architecture
to	O
its	O
customer	O
at	O
an	O
affordable	O
pricepoint	O
.	O
</s>
