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PIPE Networks

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(Redirected from Pipe International) Australian telecommunications company

PIPE Networks Limited
Company typePrivate (subsidiary of TPG Telecom)
IndustryTelecommunications
Founded2001
FounderBevan Slattery, Steve Baxter
Fateacquired by TPG Telecom
HeadquartersBrisbane, Australia
Key peopleBevan 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.

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

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

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

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. The link connects Madang in Papua New Guinea. It is operated by a newly formed PIPE subsidiary, PIPE International.

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. As of 2024, this link has yet to appear.

Takeover offer

This section needs to be updated. Please help update this article to reflect recent events or newly available information. (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.

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. ^ 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.

External links

Internet service providers of Australia
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Wholesale
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