PPC-1 cable back online
TPG's PPC-1 submarine cable system is back online.
TPG's PPC-1 submarine cable system is back online.
Repair work is underway on TPG’s PPC-1 underwater cable system, the telco revealed yesterday.
TPG has sourced a cable ship to undertake the repair of PPC-1, the underwater cable that stretches from Sydney and Guam and is operated by the telco’s subsidiary Pipe
The PPC-1 submarine cable between Sydney and Guam has suffered a major fault, taking down the entire cable system.
NBN has failed in court action brought last year against TPG subsidiary Pipe Networks.
The court battle between NBN Co and TPG has been postponed another three weeks.
The court battle between NBN Co and TPG has been postponed for two weeks.
Megaport has won its dispute with TPG over installing fibre in two of the data centres run by PIPE Networks, a subsidiary of the telco.
AAPT has confirmed it is the latest telco to close its Queensland data centre following flooding.
TPG (ASX:TPM) has confirmed Pipe Networks CEO Bevan Slattery has stood down just six months into his 12-month contract signed following [[artnid:339429|the acquisition of Pipe in March this year|new]].
Pipe Network's CEO, Bevan Slattery, has fired another salvo in his debate with the company charged with rolling out the National Broadband Network (NBN), arguing that NBN Co’s intention to seek a 20 to 30 year return on the government’s investment was considered “abnormal” within the telco industry.
NBN Co has defended itself from criticism made by Pipe Networks founder Bevan Slattery that the company’s level of disclosure and consultation had been deficient at every level.
TPG Telecom has completed an institutional placement to raise $65 million through the issue of around 41 million new ordinary shares at $1.585 – a 5.4 per cent discount to the last closing price.
TPG Telecom (ASX:TPM) is to go on a $70m capital raising path, via a share placement, to reduce the group’s net debt following the proposed $350m acquisition of Pipe Networks.
Pipe Networks (ASX:PWK) has announced financial results for the six months to 31 December 2009, recording $16.6 million in profit, a 201 per cent increase over the previous half result of $5.5 million.