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PIPE Networks

PIPE Networks Limited
Company typePrivate (subsidiary of TPG Telecom)
IndustryTelecommunications
Founded2001
FounderBevan Slattery, Steve Baxter
Fateacquired by TPG Telecom
Headquarters
Brisbane
,
Australia
Key people
Bevan Slattery, Managing Director and Co-founder
OwnerTPG Telecom
ParentTPG Telecom
Websitepipenetworks.com

PIPE Networks (also known as PIPE) is an Australian telecommunications company, based in Brisbane, Queensland. It is a subsidiary of TPG Telecom. Its primary business is setting up peering exchanges. PIPE itself stands for "Public Internet Peering Exchange". The company also provides services such as co-location, telehousing, and fibre networks.

PIPE listed on the then Australian Stock Exchange on 17 May 2005 as PIPE Networks Limited with a stock code of: PWK.[1]

Australian ISPs which use PIPE's metropolitan fibre networks include, iiNet, Internode, and iPrimus amongst others.[2]

In March 2010, shareholders accepted a takeover offer from TPG Telecom Limited.[3]

In October 2024, Vocus Group proposed to PIPE Networks from TPG Telecom for $5.25bn [4]

Peering exchanges

PIPE currently runs six metropolitan exchange networks.

City First opened Number of sites
Brisbane May 2002 4
Sydney January 2003 6
Adelaide January 2003 2
Melbourne July 2003 4
Hobart August 2003 2
Canberra June 2004 1

PIPE International

In January 2008, PIPE Networks announced it would be constructing a $200 million international link, known as PPC-1 (Pipe Pacific Cable), from Sydney to Guam.[5] The link connects Madang in Papua New Guinea. It is operated by a newly formed PIPE subsidiary, PIPE International.[6]

In April 2008, PIPE Networks entered into a joint venture with New Zealand-based Kordia to build an undersea fibre optic cable between New Zealand and Australia. This cable was to be known as PPC-2.[7] As of 2024, this link has yet to appear.

Takeover offer

In March 2010, shareholders voted to accept a $373 million takeover offer by TPG Telecom Ltd. for $6.30 per share (TPG Annual Report 2010, p48). The takeover was subject to approval by the Queensland Supreme Court. Shares of TPG rose 11 per cent after the news was released.[3]

See also

References

  1. ^ "Pipe Networks Limited (PWK)". Archived from the original on 21 November 2005. Retrieved 13 September 2007.
  2. ^ Liam Tung (13 November 2009). "Industry laments loss of Pipe Networks". ZDNet. Retrieved 20 May 2010.
  3. ^ a b Internet shake-up looms on PIPE sale
  4. ^ Bond, Morag (21 November 2024). "Request for submissions: Vocus' proposed acquisition of TPG's fixed line enterprise, government and wholesale business" (PDF).
  5. ^ "Project Runway cleared for take-off" (PDF). PIPE Networks. 14 January 2008. Retrieved 14 January 2008.
  6. ^ "PIPE to go ahead with international link". Whirlpool. 14 January 2008. Retrieved 14 January 2008.
  7. ^ "PIPE Patches Up Financing For Submarine Cable". Australian IT. 19 December 2008. Archived from the original on 20 December 2008. Retrieved 19 December 2008.
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