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.
 | |
| Company type | Private (subsidiary of TPG Telecom) |
|---|---|
| Industry | Telecommunications |
| Founded | 2001 |
| Founder | Bevan Slattery, Steve Baxter |
| Fate | acquired by TPG Telecom |
| Headquarters | , |
Key people | Bevan Slattery, Managing Director and Co-founder |
| Owner | TPG Telecom |
| Parent | TPG Telecom |
| Website | pipenetworks.com |
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
editPIPE 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
editIn 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
editThis section needs to be updated. (August 2013) |
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
edit
References
edit- ^ "Pipe Networks Limited (PWK)". Archived from the original on 21 November 2005. Retrieved 13 September 2007.
- ^ Liam Tung (13 November 2009). "Industry laments loss of Pipe Networks". ZDNet. Retrieved 20 May 2010.
- ^ a b Internet shake-up looms on PIPE sale
- ^ Bond, Morag (21 November 2024). "Request for submissions: Vocus' proposed acquisition of TPG's fixed line enterprise, government and wholesale business" (PDF).
- ^ "Project Runway cleared for take-off" (PDF). PIPE Networks. 14 January 2008. Retrieved 14 January 2008.
- ^ "PIPE to go ahead with international link". Whirlpool. 14 January 2008. Retrieved 14 January 2008.
- ^ "PIPE Patches Up Financing For Submarine Cable". Australian IT. 19 December 2008. Archived from the original on 20 December 2008. Retrieved 19 December 2008.