A network is a countable, connected graph X viewed as a one-complex, where each edge [x, y] = [y, x] (x, y ∈ X 0 , the vertex set) is a copy of the unit interval within the graph's one-skeleton X 1 and is assigned a positive conductance c(xy). A reference "Lebesgue" measure on X 1 is built up by using Lebesgue measure with total mass c(xy) on each edge [x, y]. There are three natural operators on X: the transition operator P acting on functions on X 0 (the reversible Markov chain associated with c), the averaging operator A over spheres of radius 1 on X 1 , and the Laplace operator ∆ on X 1 (with Kirchhoff conditions weighted by c at the vertices). The relation between the ℓ 2 -spectrum of P and the H 2 -spectrum of ∆ was described by Cattaneo [4]. In this paper we describe the relation between the ℓ 2 -spectrum of P and the L 2 -spectrum of A.(2.15) Lemma. Let −1 < λ < 1. Then the operator J λ = JS + λ J is compact and self-adjoint on the Hilbert space L 2 λ .Proof. If u, v ∈ L 2 [0, 1], then using