The document discusses multiplexing in internetworking, outlining its types: Time Division Multiplexing (TDM) with synchronous and asynchronous methods, Frequency Division Multiplexing (FDM), and Wavelength Division Multiplexing (WDM). It emphasizes the advantages of internetworking, such as improved collaboration and data storage, while also highlighting challenges in ensuring connectivity, reliability, and effective network management. The document asserts that a successful internetwork must balance these aspects to operate efficiently.