inetnum: 2806:230::/32 status: assigned aut-num: N/A owner: Television Internacional, S.A. de C.V. ownerid: MX-TISC2-LACNIC responsible: SIMON ANTONIO MORENO ROSALES address: Paricutin, 550, Nuevo Repueblo address: 64700 - Monterrey - NL country: MX phone: +52 81 80404442  owner-c: URG tech-c: URG abuse-c: URG created: 20120217 changed: 20120217 nic-hdl: URG person: IP Master e-mail: ipmasterTVI@IZZI.MX address: Paricutin, 550, Nuevo Repueb address: 64700 - Monterrey - NL country: MX phone: +52 8188801153  created: 20050425 changed: 20170126
IP address ranges, or netblocks, are groups of related IP addresses. They are usually represented as a base IP address, followed by a slash, and then a netmask which represents how many IP addresses are contained within the netblock. This format is known as CIDR. You'll also sometimes see netblocks given as a start ip address, and an end ip address, or an ip address range.
Traffic works its way around the internet based on the routing table, which contains a list of networks and their associated netblocks.