Zankore, the AI infrastructure platform backed by Indosat Ooredoo Hutchison, Ooredoo Group, NVIDIA and Nokia, has signed a senior term loan facility of up to $3.1 billion to fund its next phase of GPU infrastructure deployment.
The company said Wednesday it is also building an initial 100 MW of NVIDIA AI infrastructure in Indonesia, as it moves from the platform launch announced in August toward physical deployment and financing.
The debt package brings together regional and international banks and will support the acquisition and deployment of advanced NVIDIA GPU infrastructure. Citi acted as exclusive debt adviser, while Citi, ING, Natixis CIB, Qatar National Bank and UOB acted as senior mandated lead arrangers, underwriters and bookrunners.
Financing follows 1 GW platform launch
The financing follows Zankore’s launch in August, when Indosat Ooredoo Hutchison and its partners outlined plans for an AI infrastructure platform targeting up to 1 GW of NVIDIA DSX AI Factory capacity.
At launch, the group said it expected to deliver around 200 MW of initial AI capacity in the first half of 2027. The latest announcement puts more detail around the near-term buildout, with Zankore saying it is working on an initial 100 MW of NVIDIA-powered infrastructure in Indonesia.
The platform is intended to provide GPU clusters for model training, fine-tuning, inference and agentic AI workloads. Zankore said it plans to offer cloud services to enterprises, startups, developers, AI-native companies and institutions across Indonesia and the wider Southeast Asian market.
The company said a revenue-sharing and credit-support model will help align infrastructure deployment with customer demand. The structure is intended to give Zankore a more capital-efficient route to scale as it adds computing capacity.
Banks move into large-scale AI compute financing
The size and structure of the loan also highlight how AI infrastructure is becoming a financing category in its own right. GPU deployments require large upfront commitments not only for processors but also for networking, power, cooling and data-center capacity.
Zankore described the transaction as one of Asia’s largest AI infrastructure financings. The company also said it is the first syndicated transaction of this scale in the Asia-Pacific market. Those descriptions are based on the company’s announcement.
ING said the transaction required a financing structure that could address the capital demands associated with AI compute and GPU deployments. Natixis CIB similarly described AI compute as an emerging asset class requiring new financing approaches.
For the banks involved, the deal provides exposure to infrastructure that is increasingly being treated as strategic digital capacity. For Indonesia, the project also fits a wider effort to build local computing resources rather than relying entirely on AI infrastructure located outside the country.
Indonesia positioned as first deployment market
Zankore is starting in Indonesia but has framed the platform as a regional buildout. The company said the infrastructure will support customers across Southeast Asia and potentially beyond the region as additional capacity comes online.
The initial deployment is being built around NVIDIA’s full-stack AI computing technologies. Zankore said the clusters will be designed for production workloads at scale, including training and inference for enterprise and agentic AI applications.
The company’s longer-term target remains up to 1 GW of AI computing capacity. It said that ambition will be developed in phases, with each stage adding infrastructure, commercial relationships and operational capabilities as demand develops.
The latest financing therefore marks a shift from Zankore’s initial platform announcement toward a more concrete capital and deployment phase. How quickly the proposed capacity is absorbed will depend on enterprise demand, regional AI adoption and the economics of operating power-intensive GPU infrastructure at scale.