In August 2022, VEON sold the remaining 45.57% stake in the company to the National Investment Fund for $682 million, making it the sole owner of Djezzy.

[5] The legal conflict began to escalate in 2008,[6] when the Algerian government announced its intent to increase its stake in Djezzy and exert more control over the telecommunications sector.

[9] In 2014, VimpelCom agreed to sell a 51% stake in Djezzy to the Algerian National Investment Fund (FNI) for $2.64 billion, ending the essence of the dispute.

These claims were part of a broader pattern of increasing scrutiny and regulation of foreign investments in Algeria, particularly in strategic sectors like telecommunications.

Orascom Telecom argued that the Algerian government’s actions constituted an expropriation of its assets, a claim that would require compensation under international investment agreements.