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25 Aug 2026

Baker McKenzie Advises Ooredoo Group on USD 800 Million Investment in Zankore

"Baker McKenzie advised Ooredoo Group on its strategic lead investment of approximately USD 800 million in Zankore, an AI compute and neocloud platform developed with Indosat Ooredoo Hutchison, NVIDIA and Nokia; Ooredoo will acquire a 49% stake. FTI acted as financial adviser to Ooredoo Group."

Baker McKenzie advised Ooredoo Group on its strategic investment in Zankore, a dedicated AI compute and neocloud platform developed together with Indosat Ooredoo Hutchison (IOH), NVIDIA and Nokia. FTI acted as financial adviser to Ooredoo Group. The transaction marks Ooredoo Group’s entry into the AI compute sector. As lead investor, Ooredoo will commit approximately USD 800 million to support Zankore’s launch and initial development and will acquire a 49% stake in the venture. Zankore is intended to deliver full‑stack AI capabilities to meet growing demand for AI infrastructure across Southeast Asia. The platform is targeting 1 GW of NVIDIA DSX AI Factory capacity and will be developed initially in Indonesia with plans to expand across the region. The investment builds on Ooredoo’s existing digital infrastructure portfolio, which includes connectivity, international fibre and subsea cable assets and AI‑ready data centres. Through Zankore, Ooredoo is extending that strategy into AI compute, expanding its presence across digital infrastructure and emerging technology sectors. Baker McKenzie represented Ooredoo Group with a team composed by: Adnan Doha (Partner, Dubai Corporate, cross‑border team lead); Piya Haria (Senior Associate, Abu Dhabi); Kirstie Trup (Senior Associate, Dubai); Razan Obeidat (Associate, Dubai); Ololade Odunubi (Associate, Dubai); and Marwa AlGhawi (Trainee, Abu Dhabi). The matter also drew on Baker McKenzie lawyers from across its global network and multiple practice areas, including: Janet Kim (Partner, Washington, DC); Adhika Paramartha Sajjana Wiyoso (Partner, Jakarta); Aaron Jones (Local Principal, Singapore); Sanil Khatri (Local Principal, Singapore); Xiao Hui Ting (Principal, Singapore); Mark Tay (Principal, Singapore); Simone Blackadder (Of Counsel, Sydney); Chaya Gupta (Senior Associate, Dubai); Michael Amberg (Senior Associate, London); Devinka Adira (Associate, Jakarta); and Marcus Dee (Trainee, Singapore). Ooredoo Group legal team represented Ooredoo Group with a team composed by: Georges Abi Saab (Group General Counsel).
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