Ooredoo, a privately owned company headquartered in Qatar, was founded in 1987, employs approximately 25,960 individuals, and reported $6.5B in revenue as of 2024. The company functions as a multinational telecommunications provider, specializing in mobile, wireless, wire line, and content services across domestic and international telecommunication markets, serving both business and residential sectors.
On September 11, 2026, a transit cable agreement concluded between the General Company for Telecommunications and Informatics and Asiacell's parent Ooredoo Group, facilitating the routing of telecommunications capacity from the Gulf to Europe via Iraq under the oversight of Communications Minister Mustafa Jabbar Sanad. On the same day, Indosat Ooredoo’s Zankore secured a $3.1 billion debt facility to fund AI infrastructure. This financing followed Zankore's launch approximately a month prior, a collaboration involving Indosat Ooredoo Hutchison, Ooredoo Group, NVIDIA, and Nokia. Previously, on September 10, Iraq's Communications Minister Mustafa Sanad announced the signing of a contract with Ooredoo to transit internet capacity to Europe, noting the agreement would bolster internet infrastructure. Earlier, on September 9, Ooredoo-backed AI platform Zankore announced it signed an up to $3.1 billion senior term loan facility. This funding is designated for the rollout of Nvidia-powered GPU and cloud-computing infrastructure to expand AI capacity in Indonesia and across Southeast Asia.
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