PIPE Networks

PIPE Networks Limited
Private (subsidiary of TPG Telecom)
Industry Telecommunications
Fate acquired by TPG Telecom
Founded 2001
Founder Bevan Slattery, Steven Baxter
Headquarters Brisbane, Australia
Key people
 Bevan Slattery, Managing Director and Co-founder
Owner TPG Telecom
Parent TPG Telecom
Website www.pipenetworks.com

PIPE Networks (also known as PIPE) is an Australian telecommunications company, based in Brisbane, Queensland. It is a subsidiary of TPG Telecom. It is 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 Eftel, iiNet, Internode, Netspace and iPrimus amongst others.[2]

In March 2010, shareholders accepted a takeover offer from TPG Telecom Limited.[3] The company was noted for recently increasing their revenues, in contrast to the general trend in their industry.[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 will be known as PPC-2.[7]

Takeover offer

In March 2010, shareholders voted to accept a $373 million takeover offer by TPG Telecom Ltd. for $6.30 per share. 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 2007-08-21. Retrieved 2007-09-13.
  2. ↑ Liam Tung (13 November 2009). "Industry laments loss of Pipe Networks". ZDNet. CBS Interactive. Retrieved 20 May 2010.
  3. 1 2 Internet shake-up looms on PIPE sale
  4. ↑ "Pipe Networks turns in a stellar half year". 2 February 2007. Retrieved 2007-09-13.
  5. ↑ "Project Runway cleared for take-off" (PDF). PIPE Networks. 14 January 2008. Retrieved 2008-01-14.
  6. ↑ "PIPE to go ahead with international link". Whirlpool. 14 January 2008. Retrieved 2008-01-14.
  7. ↑ "PIPE Patches Up Financing For Submarine Cable". Australian IT. 19 December 2008.
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