PIPE Networks
| File:PIPENetworks.svg | |
| Company type | Subsidiary |
|---|---|
| Industry | Telecommunications |
| Founded | 2001 |
| Founder | Bevan Slattery, Steve Baxter |
| Headquarters | , |
Key people | Bevan Slattery, Managing Director and Co-founder |
| Owner | Vocus Group[1] |
| Parent | Macquarie Group, Aware Super 50/50 |
| Website | pipenetworks.com |
PIPE Networks (also known as PIPE) is an Australian telecommunications company based in Brisbane, Queensland. It is a subsidiary of Vocus Group.[2] Its primary business is establishing peering exchanges. PIPE stands for "Public Internet Peering Exchange". The company also offers 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 the stock code: PWK.[3]
Australian ISPs that utilise PIPE's metropolitan fibre networks include iiNet, Internode, and iPrimus, among others.[4]
In March 2010, shareholders accepted a takeover offer from TPG Telecom Limited.[5]
In October 2024, the Vocus Group proposed to acquire PIPE Networks from TPG Telecom for $5.25 billion.[6] The sale was finalised on 31 July 2025.
Peering exchanges
[edit | edit source]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
[edit | edit source]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.[7] The link connects Madang in Papua New Guinea. It is operated by a newly formed PIPE subsidiary, PIPE International.[8]
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.[9] As of 2024, this link has yet to appear.
Takeover offer
[edit | edit source] | 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.[5]
See also
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References
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- ^ a b Internet shake-up looms on PIPE sale
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External links
[edit | edit source]- PIPE Networks Archived 30 September 2011 at the Wayback Machine
- PIPE International
- Media presentation for PPC-1
- PIPE resources in South Australia/NT
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