Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 208

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 208
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 the leading data center infrastructure company of the region. All of our Latin American data centers are connected, within each respective country, by a wide-ranging and dedicated fiber-optic network, which is designed to ensure high capacity connections between our sites and the main cloud providers worldwide.

India is a high growth data market with data center capacity expected to increase by 850 megawatts from 2024 to 2026. During 2024, we successfully completed the construction of our first data center in Chennai which can accommodate a total expansion of up to 100 megawatts based on the available land and power. We have also acquired a land parcel in Mumbai, a key growth market, with a capacity of 40 megawatts.

Our European hyperscale data storage platform is a high-quality scaled platform with approximately 300 megawatts of contracted capacity with a leading position in key European markets. The business is present in France, Italy, Spain, Poland, Germany and Greece servicing a diverse customer base including international cloud operators, major telecom providers, innovative tech companies, and multinationals. The business is well positioned to benefit from strong growth tailwinds from the strong demand in historically under-built markets and European data sovereignty laws as well as the artificial intelligence led demand for compute capacity.

Regulatory Environment

Our data storage operations in North America, Asia Pacific, Europe and Brazil conduct business in an unregulated environment. The fact that our businesses are not regulated enables them to contract based on financial terms and solutions that best serve the needs of our customers.

Growth Opportunities

We see both organic growth and acquisitions as opportunities for our data storage businesses. Organic growth is expected to be driven by favorable long-term trends created by the cloud and AI adoption, which should lead to growing demand for our services. We believe that our size and presence in key markets positions us well to benefit from these trends through selective expansion projects. In addition, the data center market remains highly fragmented, which we believe will result in opportunities to further expand our presence through strategic acquisitions.

94 Brookfield Infrastructure

General Operating Matters

Acquisition Strategy

Over the past few years, we have established operating segments with scale in the utilities, transport, midstream and data sectors. As we look to grow our businesses, we primarily target acquisitions that utilize existing operating segments to acquire high quality assets that we can actively manage to achieve a total return of 12% to 15%+ per annum, and extend our operations into new geographies in which Brookfield has a presence. We intend to utilize our