As showcased at Ignite in September 2016, we are bringing network location-based conditional access policy to SharePoint and OneDrive for Business to First Release starting 20 January 2017.
...
Updated Jan 24, 2017
Version 6.0
Blog Post
3 MIN READ
Introducing Conditional Access by Network Location for SharePoint and OneDrive for Business
We may need the way to opt-out / edit this option in case incorrect IP range was set. Once you press <Save> with incorrect IP range, you may never be able to make a correction against it because you yourself will be rejected to access the admin console.
- Another warning dialog should be required when you press <Save> on the console, if you enable [Control access based on location] option.
- There should be admin-only URL so that the admin can edit IP range settings in case incorrect value was set.