The big five Dutch cable companies, UPC, Casema, Essent, Multikabel and CaiW are setting up a VoIP peering platform. Direct interconnect will save on interconnection fees payable to the telco incumbent, KPN. Google has a similar incentive to construct a GoogleNet.
Things however can go bad. Parties have to agree on payments should traffic from any participant exceed the level of the others. Obviously, Cogent and Level 3 didn't work out the details yet. They have until November 9.