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PIPE Networks
Australian telecommunications company From Wikipedia, the free encyclopedia
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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.[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]
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Peering exchanges
PIPE currently runs six metropolitan exchange networks.
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 was to be known as PPC-2.[7] As of 2024, this link has yet to appear.
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Takeover offer
 | This 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
References
External links
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