Zankore has secured $3.1 billion in financing for the first phase of its AI cloud build-out.. A joint venture between Indosat Ooredoo Hutchison, Nokia, and Nvidia, Zankore is targeting an initial buildout of 100MW of Nvidia AI infrastructure in Indonesia, ultimately aiming to expand to 1GW.. – Indosat.
The senior term loan facility has been provided by a consortium of regional and international financial institutions and will be used to support the development and deployment of Zankore’s AI capacity.. Vikram Sinha, director and chairman of Zankore, said: “AI is creating a defining opportunity for Indonesia and Southeast Asia.
The question is no longer simply whether the region will use AI, but whether we build the infrastructure that enables us to participate meaningfully in creating its future. With Nvidia’s support, Zankore is building the advanced AI computing foundation needed to help turn that opportunity into reality.”.
Citi acted as the debt advisor for the loan facility.. Kaustubh Kulkarni, head of investment banking, Asia Pacific at Citi, said: “This landmark financing demonstrates the scale of capital and collaboration required to build the next generation of AI infrastructure. Citi is proud to have been given the opportunity to support Indosat Ooredoo Hutchison across both the establishment of Zankore and this financing, reflecting our ability to connect strategic advice with capital at scale.”.
Citi, ING, Natixis CIB, Qatar National Bank (QNB) Group, and United Overseas Bank (UOB) acted as senior mandated lead arrangers, underwriters and bookrunners.. Zankore was founded in August 2026 when Indonesian telecoms operator Indosat Ooredoo Hutchison paired with the wider Ooredoo Group, Nokia, and Nvidia to launch an Indonesian AI cloud provider.
Ultimately planning a 1GW build-out, the company is targeting approximately 200MW of AI capacity in the first half of 2027, which will be powered by Nvidia GB300 NVL72.. More in Investment / M&A / Financing. 03 Aug 2026.
13 May 2026. More in Cloud & Hyperscale. 13 Apr 2026.
10 Aug 2026
