Ooredoo Launches Indonesia's First Dedicated AI Compute Platform with Nvidia and Nokia

Ooredoo Group is launching Indonesia's first dedicated AI compute and neocloud platform in partnership with Nvidia, Nokia, and Indosat Ooredoo Hutchison (IOH). The platform, called Zankore, aims to contract 1 gigawatt of AI capacity over the next three years.

Powered by Nvidia's supercomputing platform and technology, Zankore 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.

Ooredoo will initially commit $800 million over the next five years as a founding shareholder and lead investor, with a 49% share in Zankore. This investment aims to strengthen Ooredoo's exposure to Indonesia's rapidly growing data center market and position it to capitalize on Southeast Asia's booming AI compute and cloud industry.

Indonesia's digital economy is expected to exceed $130 billion by 2030, with demand for AI-ready data centers intensifying in the coming years. Fakhroo said that there is a 'significant opportunity' in Indonesia that made it a 'great base' from which to operate in Asia.