Which statement accurately reflects the capabilities of SIP Peering?

SIP peering indeed works across the Public Internet, allowing different service providers or networks to interconnect and exchange SIP (Session Initiation Protocol) messages. This capability enhances flexibility in establishing voice, video, and other communications services regardless of geographical limitations, enabling interoperability between various networks.

As a core feature, SIP peering not only supports voice calls but also extends to other multimedia sessions, making it a versatile choice for modern communications. The ability to function over the Public Internet means that service providers can efficiently manage and exchange calls without being confined to private or local networks, promoting greater connectivity and service delivery.

In the context of other options presented, the statements about dedicated private networks, limitations to video communications, or local networks misrepresent the versatility and range of SIP peering, which is designed to facilitate broader communication opportunities across varying types of networks.