Ooredoo-backed Zankore secures $3.1 billion financing for Nvidia AI cloud platform

AI platform Zankore said on Wednesday it has signed an up to $3.1 billion senior term loan facility to fund the rollout of Nvidia-powered GPU and cloud-computing infrastructure, as it expands AI capacity in Indonesia and across ‌Southeast Asia.

Here ⁠are ⁠more details:

* Zankore is a dedicated AI compute and neocloud platform being developed with Indonesian telecom operator Indosat Ooredoo Hutchison, Nokia and Nvidia.


* Proceeds from the debt financing will support the acquisition and deployment of advanced NVIDIA GPU infrastructure, the Southeast ⁠Asia-focused platform ‌said.

* Qatari telecommunications provider Ooredoo ​is Zankore's ​founding shareholder and lead investor, holding ⁠a 49% stake, as it seeks to establish ​an early presence in Southeast Asia's rapidly ​expanding AI-infrastructure market.

* Zankore said it is building an initial 100 megawatts of Nvidia AI Infrastructure, looking to provide cloud services to AI-native entities in Indonesia and Southeast Asia.

* ‌At its launch on August 6, the platform said it is targeting 1 ​gigawatt of ​Nvidia DSX ⁠AI Factory capacity and approximately 200 megawatts of initial capacity in the first half of 2027.

* Citi acted as ​exclusive debt adviser for the loan facility, and was also exclusive financial adviser to Indosat on the setup of Zankore and its equity fundraise earlier in August.