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Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Qatar’s Ooredoo, Nvidia, and Nokia unveil multi-billion-dollar AI compute platform—and Southeast Asia is their target

Ooredoo Group is positioning itself to capture a multi-billion-dollar AI infrastructure opportunity by developing Indonesia’s first dedicated AI compute and neocloud platform, enabling enterprises to develop, train, deploy, and operate AI models at scale.

Through an alliance with Nvidia, Nokia and Indosat Ooredoo Hutchison (IOH), the platform, known as Zankore, aims to contract 1 gigawatt (GW) of AI capacity over the next three years, powered by Nvidia’s supercomputing platform and latest technology.

Zankore has already secured blue-chip customers for around 200 MW of AI capacity planned for the first half of 2027. This is expected to generate around $13 billion in revenue and $9 billion in cumulative Ebitda over a five- to six-year period. The proportionate Ebitda contribution to the Ooredoo Group is expected to be around $600 million.  

As a founding shareholder and lead investor, with a 49% share in Zankore, Ooredoo Group is initially committing $800 million over the next five years to support the platform’s development. The group is majority-owned by the Qatari government but listed and independently managed.  

The initial 200 MW of capacity is expected to be funded through a combination of equity and debt, while the initial AI capacity will be sourced from multiple data center providers with facilities across Indonesia.  

“We’ve been positioning ourselves for a good 36 months, or even more now, to steadily migrate from a traditional telco to a leading digital infrastructure provider,” Ooredoo’s Group CEO Aziz Aluthman Fakhroo told Fortune.  

“And Zankore is the latest building block in that evolution. We started this journey two years ago........

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