PIPE Networks
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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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Australian ISPs which use PIPE's metropolitan fibre networks include, iiNet, Internode, and iPrimus amongst others.<ref name="zdnet">Template:Cite news</ref>
In March 2010, shareholders accepted a takeover offer from TPG Telecom Limited.<ref name=takeover>Internet shake-up looms on PIPE sale</ref>
In October 2024, Vocus Group proposed to PIPE Networks from TPG Telecom for $5.25bn <ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Peering exchangesEdit
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 InternationalEdit
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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The link connects Madang in Papua New Guinea. It is operated by a newly formed PIPE subsidiary, PIPE International.<ref>Template:Cite news</ref>
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.<ref>Template:Cite news</ref> As of 2024, this link has yet to appear.
Takeover offerEdit
Template:Update 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.<ref name=takeover/>