Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 249

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 249
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 commissioning of additional megawatts across our global data storage platform. Current year results reflect contributions from our acquisitions of a portfolio of 76,000 telecom tower sites in India in Q3 2024, a North American retail colocation data center business in Q1 2024 and hyperscale data center platforms in Europe and the United States in Q3 2023 and Q4 2023, respectively. Prior year results reflect contribution from a New Zealand integrated data distribution business, which we sold in Q2 2023.

For the year ended December 31, 2024, our data transmission and distribution business generated Adjusted EBITDA of $382 million and FFO of $237 million, compared to $387 million and $242 million, respectively, during the same period in 2023. Results benefited from additional points-of-presence across our portfolio, offset by lower rates on foreign exchange hedge contracts. Current year results reflect earnings from the tuck-in acquisition of 76,000 telecom tower sites in India, partially offset by the lost contribution from our New Zealand data distribution business divested in Q2 2023.

For the year ended December 31, 2024, our data storage business contributed Adjusted EBITDA of $215 million and FFO of $96 million compared to $60 million and $33 million, respectively, during the same period in 2023. Results benefited from the acquisition of a North American retail colocation data center business in Q1 2024, and the acquisitions of hyperscale data center platforms in Europe and the United States in Q3 and Q4 2023, respectively.

As of December 31, 2024, total capital to be commissioned was $5.7 billion compared to $5.1 billion as of December 31, 2023. Total capital to be comm issioned includes approximately $4.2 billion at our data transmission and distribution businesses and approximately $1.5 billion 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 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, 2023 from the construction of new facilities across our global data center portfolio.

2023 vs. 2022

Results for our data segment