Editing 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             = [[Privately held company|Private]] (subsidiary of [[TPG Telecom]])
| genre            =
| fate             =acquired by TPG Telecom 
| predecessor      =
| successor        =
| founded          = 2001
| founder          = [[Bevan Slattery]], [[Steve Baxter (entrepreneur)|Steve Baxter]]
| defunct          =
| location_city    = [[Brisbane]]
| location_country = [[Australia]]
| location         =
| locations        =
| area_served      =
| key_people       = Bevan Slattery, Managing Director and Co-founder
| industry         = [[Telecommunication]]s
| 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 [[Internet exchange point|peering exchange]]s.  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 Securities Exchange|Australian Stock Exchange]] on 17 May 2005 as PIPE Networks Limited with a stock code of: PWK.<ref>{{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}}</ref>

Australian ISPs which use PIPE's metropolitan fibre networks include, [[iiNet]], [[Internode (ISP)|Internode]], and [[iPrimus]] amongst others.<ref name="zdnet">{{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]]}}</ref>

In March 2010, shareholders accepted a takeover offer from [[TPG Telecom|TPG Telecom Limited]].<ref name=takeover>[http://money.ninemsn.com.au/article.aspx?id=1026731&rf=true Internet shake-up looms on PIPE sale]</ref>

In October 2024, [[Vocus Group]] proposed to PIPE Networks from TPG Telecom for $5.25bn <ref>{{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}}</ref>

==Peering exchanges==
PIPE currently runs six metropolitan exchange networks.

{| class="wikitable"
! 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&nbsp;million international link, known as [[Pipe Pacific Cable|'''PPC-1''' '''(Pipe Pacific Cable)''']], from [[Sydney]] to [[Guam]].<ref>{{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}}</ref> The link connects [[Madang]] in [[Papua New Guinea]]. It is operated by a newly formed PIPE subsidiary, '''PIPE International'''.<ref>{{cite news|url=http://whirlpool.net.au/article.cfm/1772|title=PIPE to go ahead with international link|publisher=[[Whirlpool (website)|Whirlpool]]|date=14 January 2008|accessdate=2008-01-14}}</ref>

In April 2008, PIPE Networks entered into a joint venture with New Zealand-based [[Kordia]] to build an [[Submarine communications cable|undersea]] [[fibre optic]] cable between New Zealand and Australia.  This cable was to be known as PPC-2.<ref>{{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}}</ref> 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&nbsp;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/>

==See also==
{{Portal|Queensland|Internet|Companies}}
* [[Internet in Australia]]
* [[List of Internet exchange points]]
* [[Pipe Pacific Cable]]

==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]]
[[Category:Companies based in Brisbane]]
[[Category:Australian companies established in 2001]]