PIPE Networks
{{Short description|Australian telecommunications company}}
{{Use dmy dates|date=January 2022}}
{{Use Australian English|date=June 2011}}
{{infobox company
| name = PIPE Networks Limited
| logo = PIPENetworks.svg
| caption =
| type = Private (subsidiary of TPG Telecom)
| genre =
| fate =acquired by TPG Telecom
| predecessor =
| successor =
| founded = 2001
| founder = Bevan Slattery, Steve Baxter
| defunct =
| location_city = Brisbane
| location_country = Australia
| location =
| locations =
| area_served =
| key_people = Bevan Slattery, Managing Director and Co-founder
| industry = Telecommunications
| products =
| services =
| revenue =
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner = TPG Telecom
| num_employees =
| parent = TPG Telecom
| divisions =
| subsid =
| homepage = [https://www.pipenetworks.com/ pipenetworks.com]
| footnotes =
}}
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.{{cite web
| url = http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=PWK | title = Pipe Networks Limited (PWK) | accessdate = 2007-09-13 |archiveurl = https://web.archive.org/web/20051121045919/http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=PWK |archivedate = 2005-11-21}}
Australian ISPs which use PIPE's metropolitan fibre networks include, iiNet, Internode, and iPrimus amongst others.{{cite news |url=https://www.zdnet.com/home-and-office/networking/industry-laments-loss-of-pipe-networks/ |title=Industry laments loss of Pipe Networks |author=Liam Tung |access-date=20 May 2010 |date=13 November 2009 |publisher=ZDNet}}
In March 2010, shareholders accepted a takeover offer from TPG Telecom Limited.[http://money.ninemsn.com.au/article.aspx?id=1026731&rf=true Internet shake-up looms on PIPE sale]
In October 2024, Vocus Group proposed to PIPE Networks from TPG Telecom for $5.25bn {{Cite web |last=Bond |first=Morag |date=21 November 2024 |title=Request for submissions: Vocus' proposed acquisition of TPG's fixed line enterprise, government and wholesale business |url=https://www.accc.gov.au/system/files/public-registers/documents/TPG%20-%20Market%20Inquiries%20Letter%2018%20November%202024.pdf}}
Peering exchanges
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.{{cite web|url=http://www.asx.com.au/asxpdf/20080114/pdf/316x8wcsf1h071.pdf|title=Project Runway cleared for take-off|publisher=PIPE Networks|date=14 January 2008|accessdate=2008-01-14}} The link connects Madang in Papua New Guinea. It is operated by a newly formed PIPE subsidiary, PIPE International.{{cite news|url=http://whirlpool.net.au/article.cfm/1772|title=PIPE to go ahead with international link|publisher=Whirlpool|date=14 January 2008|accessdate=2008-01-14}}
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.{{cite news|url=http://www.australianit.news.com.au/story/0,24897,24823349-15306,00.html|title=PIPE Patches Up Financing For Submarine Cable|publisher=Australian IT|date=19 December 2008|access-date=19 December 2008|archive-url=https://web.archive.org/web/20081220072542/http://www.australianit.news.com.au/story/0,24897,24823349-15306,00.html|archive-date=20 December 2008|url-status=dead}} As of 2024, this link has yet to appear.
Takeover offer
{{Update|section|date=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
{{Portal|Queensland|Internet|Companies}}
References
{{reflist}}
External links
- [http://www.pipenetworks.com PIPE Networks]
- [http://www.pipeinternational.com PIPE International]
- [http://www.asx.com.au/asxpdf/20080114/pdf/316xl6djcbynw2.pdf Media presentation for PPC-1]
- [http://www.adam.com.au/pipe/pipe.php PIPE resources in South Australia/NT]
{{Internet service providers of Australia}}
Category:Companies formerly listed on the Australian Securities Exchange
Category:Internet exchange points in Australia