Data traffic volume increased by 42% to 9.5 terabits per second in the fourth quarter of 2012, compared to 6.7 terabits per second in the fourth quarter of 2011. Data traffic volume for the full year 2012 was 32.7 terabits per second, an increase of 46% from 22.4 terabits per second during 2011.
Adjusted EBITDA in the fourth quarter of 2012 was $14.5 million, a decrease of 34% compared to $22.1 million in the fourth quarter of 2011. In the fourth quarter of 2012, Inteliquent definitively settled a dispute with one of its largest customers and agreed to new terms that govern a portion of their commercial relationship effective October 5, 2012. Inteliquent's fourth quarter 2012 results include the impact of the revised economic terms between Inteliquent and the customer. Adjusted EBITDA for the full year 2012 was $72.0 million, a decrease of 21% compared to $91.0 million during 2011. See "Use of Non-GAAP Financial Measures" below for a discussion of the presentation of Adjusted EBITDA and reconciliation to net income.
In the fourth quarter of 2012, Inteliquent recorded $91.0 million of one-time expenses, including a $88.7 million asset impairment primarily related to goodwill and intangible assets initially recorded at the time of the Tinet acquisition. The remaining $2.3 million consisted of an additional cash severance charge and an additional write-down of equipment related to our hosted services business line that was discontinued in 2012. In the full year 2012, Inteliquent recorded $103.2 million of one-time expenses, including a $88.7 million asset impairment primarily related to goodwill and intangible assets initially recorded at the time of the Tinet acquisition, a $9.0 million dispute settlement, a $3.4 million write-down related to our hosted services business line that was discontinued in 2012, a $1.2 million cash severance charge, and a $0.9 million charge related to Value Added Taxes from prior periods.
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