| PIPE Networks Limited | |
| Type: | Private (subsidiary of TPG Telecom) |
| Fate: | acquired by TPG Telecom |
| Founded: | 2001 |
| Founder: | Bevan Slattery, Steve Baxter |
| Location City: | Brisbane |
| Location Country: | Australia |
| Key People: | Bevan Slattery, Managing Director and Co-founder |
| Industry: | Telecommunications |
| Owner: | TPG Telecom |
| Homepage: | pipenetworks.com |
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]
PIPE currently runs six metropolitan exchange networks.
| City | First opened | Number of sites | |
|---|---|---|---|
| May 2002 | 4 | ||
| January 2003 | 6 | ||
| January 2003 | 2 | ||
| July 2003 | 4 | ||
| August 2003 | 2 | ||
| June 2004 | 1 |
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.[4] The link connects Madang in Papua New Guinea. It is operated by a newly formed PIPE subsidiary, PIPE International.[5]
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.[6] As of 2024, this link has yet to appear.
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]