| Type | Private (subsidiary of TPG Telecom) |
|---|---|
| Industry | Telecommunications |
| Founded | 2001 |
| Founder(s) | Bevan Slattery, Steven Baxter |
| Headquarters | Brisbane, Australia |
| Key people | Bevan Slattery, Managing Director and Co-founder |
| Owner(s) | TPG Telecom |
| Website | www.pipenetworks.com |
PIPE Networks (also known as PIPE) is an Australian company, based in Brisbane, Queensland, primarily involved in setting up peering exchanges. PIPE itself stands for "Public Internet Peering Exchange". They are also involved in other related areas 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 dependent on connectivity via PIPE's metropolitan fibre networks include Eftel, iiNet, Internode, Netspace and iPrimus amongst others.[2]
In March 2010, shareholders accepted a takeover offer from TPG Telecom Limited.[3] They have been noted for recently increasing their revenues, in contrast to the general trend in their industry.[4]
Contents |
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 |
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 will also connect Madang in Papua New Guinea. The link will be 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 will be known as PPC-2.[7]
In March 2010, shareholders voted to accept a $373 million takeover offer by TPG Telecom Ltd. for $6.30 per share. The takeover is subject to approval by the Queensland Supreme Court. Shares of TPG rose 11 per cent after the news was released.[3]