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Displaying items by tag: Pipe Networks

Tuesday, 21 September 2010 12:51

TPG doubles net profit

TPG has reported EBITDA of $171.1m and NPAT of $55.7m for the year to 31 July 2010 representing increases of 41 percent and 216 percent respectively on the previous year.

Published in Listed Tech
Monday, 05 July 2010 17:45

900 Sanctuary Cove homes get FTTH services

A consortium of three companies - Universal Communications Group (UCG), Telcoinabox and Utilibill formed in 2009 - has completed the installation of an FTTH network to 900 'brownfield' homes in the Sanctuary Cove development on Queensland's Gold Coast.

Published in Networking

Pipe Networks founder, Bevan Slattery has named three directors of his new data centre venture, NEXTDC, announced last week.

Published in Strategy

Pipe Networks co-founder Bevan Slattery - who has just completed the sale of Pipe Networks to TPG - has announced his latest venture: a carrier and systems integrator neutral national data centre provider NEXTDC.

Published in Networking
Tuesday, 23 March 2010 15:12

TPG quadruples profits, lifts guidance

TPG Telecom (ASX: TPM) has reported a 443 percent increase in after tax profit and 34 percent increase in EBITDA for the six months to 31 January 2010.

Published in Listed Tech

Internode, one of the first and most enthusiastic supporters of Pipe Networks' PPC-1 cable, is taking more capacity on Southern Cross with Internode CEO Simon Hackett effusive in his praise for the system, saying it's a better proposition than PPC-1.

Published in Market
Tuesday, 08 December 2009 06:07

PIPE picks Equinix for Sydney interconnect

PIPE International has chosen Equinix' Sydney-1 International Business Exchange as the the interconnection point for the Sydney end of its PPC-1 undersea cable.

Published in Strategy
Wednesday, 11 November 2009 11:56

SP Telemedia to pay $373m in cash for Pipe Networks

SP Telemedia (ASX: SOT) has made a $373m cash offer to buy Pipe Networks (ASX: PWK) which operates an extensive network of optical fibre cables and data centres in Australian capital cities and which owns the newly-opened PPC-1 submarine fibre cable from Sydney to Guam.

Published in Deals
Friday, 06 November 2009 10:05

Soul/TPG trying to buy Pipe Networks?

Speculation is running high that SP Telemedia (Soul/TPG, ASX: SOT) is about to make a takeover offer for Pipe Networks (ASX: PWK). Both companies requested trading halts within minutes of each other on Wednesday 4 November and then requested suspension of their shares almost simultaneously on Friday 6 November.

Published in Strategy
Thursday, 15 October 2009 06:47

Tata Comms taps into Pipe's PPC-1 cable

Tata Communications is now providing  international capacity to and from Australia via Pipe Networks' newly-opened PPC-1 cable system which interconnects with Tata's global submarine cable network in Guam.

Published in Strategy
Thursday, 08 October 2009 13:20

NBN: Pipe presses Feds for better facilities access

Even as Pipe Networks partied in Sydney Thursday night to celebrate the launch of its PPC-1 trans-Pacific cable, the company was pressing Government for changes to proposed legislation to give it better access to interconnect facilities.

Published in Government Tech Policy
Internode has become the first customer to test Pipe Networks' new PPC-1 fibre-optic cable, ahead of its official launch and is promising to revise its access plans to reflect PPC-1's lower connection costs to the US.

Published in Strategy
Tuesday, 25 August 2009 16:51

Pipe Networks lifts revenue & NPAT by 46 percent

Pipe Networks (ASX: PWK) has reported a 46 percent increase in after tax profit for the year ended 30 June 2009, to $10.5 million, including costs associated with construction of its submarine cable network between Sydney and Guam, PPC-1.

Published in Strategy
Monday, 24 August 2009 07:51

Pipe Networks lights its PPC-1 submarine cable

Pipe Networks has successfully transmitted light from Sydney to Guam across its just-installed PPC-1 submarine cable.

Published in Strategy
Southern Cross Cable has announced a price cut for services on its submarine cable network linking Australia and New Zealand to the US via Hawaii, and plans to increase capacity by more than 50 percent early in 2010. It has also announced that it is planning an entire new cable system.

Published in Strategy
Alcatel-Lucent has won a contract to build the 8,200 km SPIN submarine cable network that will link New Caledonia, French Polynesia, Norfolk Island and New Zealand and with existing systems will provide an alternative trans-Tasman link. (Reported comments from John Hibbard have been changed to more accurately reflect his views)

Pipe Networks (ASX: PWK) is forecasting consolidated revenue for FY2010 of $92m-$96m, with EBITDA of approximately $50m-$51m and NPAT of approximately $20.5m-$21.5m from a combination of its existing business and its submarine cable arm, expected to start generating revenues later this year.

Pipe Networks' PPC-1 submarine cable, due to come into service in September, has been preceded with the expectation that adding a new player to the 'Gang of Four' - Optus, Telstra, Verizon Business and Telecom New Zealand - that between them own all the submarine capacity out of the east coast of Australia will significantly reduce prices. However, according to TeleGeography, distance and low demand relative to other routes are also major drivers of price.

Published in Strategy
Monday, 16 February 2009 03:07

Pipe Networks' half year profit up 62 percent

Pipe Networks (ASX: PWK) has reported revenue from operating activities for the half year to December 2008 of $23.7m up from $16.1m for the same period in 2007. NPAT was $5.3m, a 62 percent increase over the previous corresponding half result of $3.3m. EBITDA for the half year was $8.9m up from $5.9m at HY07.

Published in Market
Pipe Networks (ASX: PWK) has briefed investors on the refinancing of its PPC-1 submarine cable, revealing forecasts showing demand for international capacity out of Australia growing at 31 percent CAGR to 2020.

Published in Market
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