IRUs are sold through capacity purchase agreements that often commit a buyer to a unit of capacity for the remaining design life of the cable.
In recent years the use of IRUs to trade capacity in all forms of cable, both submarine and subterranean, has become more commonplace and modern capacity purchase agreements take a wide variety of forms.
An IRU is a legal interest created by contractual agreement that confers an indefeasible and exclusive right of access to some or all of the capacity in a telecommunications cable system on another party.
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