PIPE Networks
 | |
| 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
- ↑ "Pipe Networks Limited (PWK)". Archived from the original on 2007-08-21. Retrieved 2007-09-13.
- ↑ Liam Tung (13 November 2009). "Industry laments loss of Pipe Networks". ZDNet (CBS Interactive). Retrieved 20 May 2010.
- 1 2 Internet shake-up looms on PIPE sale
- ↑ "Pipe Networks turns in a stellar half year". 2 February 2007. Retrieved 2007-09-13.
- ↑ "Project Runway cleared for take-off" (PDF). PIPE Networks. 14 January 2008. Retrieved 2008-01-14.
- ↑ "PIPE to go ahead with international link". Whirlpool. 14 January 2008. Retrieved 2008-01-14.
- ↑ "PIPE Patches Up Financing For Submarine Cable". Australian IT. 19 December 2008.
External links
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