PIPE Networks

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PIPE Networks Limited
Company typeSubsidiary
IndustryTelecommunications
Founded2001
FounderBevan Slattery, Steve Baxter
Headquarters
Brisbane
,
Australia
Key people
Bevan Slattery, Managing Director and Co-founder
OwnerVocus Group [1]
ParentMacquarie Group, Aware Super 50/50
Websitepipenetworks.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.

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

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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 International

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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

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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]

See also

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References

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  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. ^ a b 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.
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