PIPE Networks

Last updated

PIPE Networks Limited
Company type Subsidiary
Industry Telecommunications
Founded2001
Founder Bevan Slattery, Steve Baxter
Headquarters
Brisbane
,
Australia
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.

Contents

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

PIPE currently runs six metropolitan exchange networks.

CityFirst openedNumber of sites
Brisbane May 20024
Sydney January 20036
Adelaide January 20032
Melbourne July 20034
Hobart August 20032
Canberra June 20041

PIPE International

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

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]

This takeover was approved by the Supreme Court of Queensland on Wednesday, 17th March 2010. [10]

See also

References

  1. ↑ "Vocus completes acquisition of TPG Telecom's Enterprise, Government…". Vocus. Retrieved 1 August 2025.
  2. ↑ "Vocus completes acquisition of TPG Telecom's Enterprise, Government…". Vocus. Retrieved 1 August 2025.
  3. ↑ "Pipe Networks Limited (PWK)". Archived from the original on 21 November 2005. Retrieved 13 September 2007.
  4. ↑ Liam Tung (13 November 2009). "Industry laments loss of Pipe Networks". ZDNet . Retrieved 20 May 2010.
  5. 1 2 Internet shake-up looms on PIPE sale
  6. ↑ Bond, Morag (21 November 2024). "Request for submissions: Vocus' proposed acquisition of TPG's fixed line enterprise, government and wholesale business" (PDF).
  7. ↑ "Project Runway cleared for take-off" (PDF). PIPE Networks. 14 January 2008. Retrieved 14 January 2008.
  8. ↑ "PIPE to go ahead with international link". Whirlpool. 14 January 2008. Retrieved 14 January 2008.
  9. ↑ "PIPE Patches Up Financing For Submarine Cable". Australian IT. 19 December 2008. Archived from the original on 20 December 2008. Retrieved 19 December 2008.
  10. ↑ Supreme Court of Queensland, TPM TPG Telecom Limited, and PWK PIPE Networks Limited, “Supreme Court of Queensland Approves TPG Telecom Limited’s Acquisition of PIPE Networks Limited,” by Stephen Banfield and Bevan Slattery, ASX RELEASE, March 17, 2010, https://www.pipenetworks.com/docs/media/ASX%2010_03_17%20Court%20Approval%20of%20TPG%20Acquisition.pdf.
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