Djezzy

Djezzy, known in Arabic as جازي, is a predominant mobile network operator in Algeria. The company was officially launched on 15 February 2002 after acquiring Algeria's second GSM license in July 2001. Djezzy was initially a subsidiary of the Egyptian company Global Telecom Holding, which itself is a subsidiary of VEON. However, the company underwent significant changes in its ownership structure. In January 2015, Algeria's National Investment Fund (FNI) gained control of 51% of the company's capital, while Global Telecom Holding retained management responsibilities. The shift in ownership culminated in 2022 when VEON sold its remaining 45.57% stake in Djezzy to the FNI for $682 million, rendering the Algerian state as the sole owner of the company. Djezzy provides extensive coverage across Algeria, reaching 95% of the population and offering 3G services in all 48 wilayas. In 2016, the company launched its 4G services in 20 wilayas with a commitment to cover over 50% of the population by 2021. As part of its corporate mission, Djezzy is undergoing a transformation to become the leading digital operator in Algeria. Despite its market dominance, Djezzy faces competition from two other operators, the government-owned Mobilis and privately-owned Ooredoo Algeria.