Digital Realty and Brookfield Infrastructure L.P. announced an agreement to establish a 50/50 joint venture focused on the development, ownership and operation of institutional quality data centers in India. The joint venture will operate under the brand name BAM Digital Realty. With a population of over 1.4 billion, the world's fifth-largest economy in terms of GDP and an expanding focus on the digital delivery of services, India represents a key market opportunity to extend coverage, capacity and connectivity options for the world's leading service providers as well as local and global enterprise customers.

India is a high-growth market, with data center demand expected to significantly increase, driven by rapidly growing data consumption, digitization of the economy, the onset of 5G and data localization trends. The joint venture is positioned to enable the significant expansion of PlatformDIGITAL®, Digital Realty's premier global data center platform which supports the evolving data, control and networking demands of global enterprises. Its deployment across India is expected to enable customers to rapidly scale digital transformation by deploying critical infrastructure with a leading global data center provider at the heart of a growing connected data community in India.

Data centers developed in India will leverage Digital Realty's industry-leading energy-efficient data center design and operating procedures and highly repeatable Pervasive Data Center Architecture (PDx™) approach for the new digital workplace. The joint venture will expand Brookfield Infrastructure's significant global data infrastructure portfolio, which currently includes $23 billion in assets across data transmission, distribution, and storage, including a portfolio of 139,000 operational telecom wireless towers in India, which it intends to expand to 175,000 over the near term. Brookfield has over a decade of experience investing in India, with approximately $20 billion of assets under management including infrastructure, renewable power, real estate, and private equity.

BAM Digital Realty intends to acquire land parcels in multiple Indian metros for the development of data center campuses to support the needs of global hyperscale service providers as well as international and local enterprises. The joint venture expects to design, build and operate sustainable facilities, drawing upon the firms' broader commitments to sustainable operations, including carbon reduction initiatives.