Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 250

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 250
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 benefited from additional points-of-presence at our tower and fiber operations and the commissioning of additional megawatts across our global data storage platform. 2023 results reflected a contribution from the acquisition of our European telecom tower operation in Q1 2023 and the acquisitions of hyperscale data center platforms in Europe and the United States in Q3 2023 and Q4 2023, respectively. 2022 results include a full year contribution from our New Zealand integrated data distribution business divested in Q2 2023.

For the year ended December 31, 2023, our data transmission and distribution business generated Adjusted EBITDA of $387 million and FFO of $242 million, compared to $303 million and $215 million, respectively, during the same period in 2022. Results benefited from the contribution of additional towers across our Indian and European telecom portfolio. FFO was impacted by higher borrowing costs to fund growth projects and completed upfinancings. 2023 results reflect earnings from the acquisition of our European telecom tower operation in Q1 2023, partially offset by the lost contribution from our New Zealand data distribution business divested in Q2 2023.

For the year ended December 31, 2023, our data storage business contributed Adjusted EBITDA of $60 million and FFO of $33 million compared to $42 million and $24 million, respectively, during the same period in 2022. Results benefited from the commissioning of additional megawatts across our global data storage businesses. FFO was impacted by higher borrowing costs to fund ongoing capital projects.

128 Brookfield Infrastructure

2023 results reflected a partial contribution from the acquisitions of hyperscale data center platforms in Europe and the United States in the second half of the year.

As of December 31, 2023, total capital to be commissioned was $5.1 billion compared to $4.1 billion as of December 31, 2022. Total capital to be commissioned includes approximately $4.3 billion at our data transmission and distribution businesses and approximately $800 million at our data storage operations. Total capital to be commissioned includes $3.9 billion from our partnership with Intel to build two semiconductor foundries in Arizona. The remaining capital to be commissioned relates to the build-out of additional sites and new tenancies at our telecom tower operations, additional connections across our global fiber operations, and increasing the capacity of our data storage network. Capital to be commissioned increased compared to December 31, 202