Soul and Pipe Networks do deal?

Pipe Networks and SP Telemedia have both gone into a trading halt this morning, pending announcements to be made later in the week.

Pipe Networks said it had been pitched something it needed to consider. "The trading halt is requested pending an announcement to the market in connection with a proposal received by PWK which the company needs to review and give full consideration," the company said.

Soul Telemedia did not give a reason for its halt.

ZDNet.com.au asked Pipe Networks CEO Bevan Slattery if he could deny a connection between the two trading halts. He declined to comment. SP Telemedia did not return requests for comment.

Pipe has over a million metres of fibre network, bringing capacity to customers in the central business districts and metro areas of Sydney, Melbourne and Brisbane. It has just reaped the rewards of its efforts to build a Sydney to Guam cable. The cable recently went live and is now serving capacity to customers.

Soul Telemedia increased its scale last year with the acquisition of TPG, giving it a large footprint. TPG is a customer of Pipe Networks. Pipe also serves other ISPs such as Primus and iiNet.