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It's cheaper to collocate in a data center that does offer BGP, since
they
already have fiber diversity and are multihomed upstream.
Without a doubt. However, to meet Jon's request of what happens when the physical site goes down a single provider -- even with multiple upstream paths -- won't help. You'd need to establish yourself as your own AS (Autonomous System) and have servers in two datacenters. Then broadcast your AS path from each of those datacenters. -Walden
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