6 October 2026
HHP Law Firm has advised United Overseas Bank Limited (UOB) and a syndicate of international lenders in connection with USD 3.1 billion financing made available to Indonesian subsidiaries of PT Indosat Tbk to support the development of Zankore, an AI compute and cloud infrastructure platform backed by Indosat Ooredoo Hutchison, Ooredoo Group, NVIDIA and Nokia.
The financing was arranged by UOB together with Citigroup Global Markets Asia Limited, ING Bank N.V., Natixis Corporate & Investment Banking and Qatar National Bank (Q.P.S.C.), acting as senior mandated lead arrangers, underwriters and bookrunners.
The proceeds will support the acquisition and deployment of advanced AI computing infrastructure and related digital infrastructure assets in Indonesia, contributing to the expansion of AI cloud capabilities across Southeast Asia.
HHP Law Firm advised the lenders on all Indonesian law aspects of the transaction, including financing structure, security arrangements and legal due diligence, and issued Indonesian legal opinions. The team's work included a review of key project agreements relating to GPU server procurement, network equipment, cloud services, GPU services, data center arrangements, and operator services supporting the AI infrastructure platform.
The HHP team was led by Partner Mita Guritno with support from Senior Associate Muhammad Ibnu Sofyan, Associates Calvinia Cristovalin Paat and Ristania Salsabila Putri, and other members of the firm's Finance & Projects practice group.
Commenting on the deal, Mita said: "AI infrastructure is becoming increasingly important to the digital economy across Southeast Asia. We are pleased to have supported the lenders on a transaction that will help expand access to advanced computing and cloud capabilities in Indonesia. The financing reflects growing investment in the infrastructure needed to support the next generation of AI-enabled services."