Optimum Telecom Algeria is Algeria's principal mobile network operator, with a market share of 65% (over 16.49 million subscribers as of Nov 2011) and a network covering 90% of the population (48 wilayas). Djezzy was a subsidiary of the Egyptian company Global Telecom Holding. In 2014 the Algerian state bought 51% of it. It acquired Algeria's second GSM license on 11 July 2001, with a bid of $737 million, and was officially launched on February 15, 2002. It has two competitors: the government-owned Algeria Mobile Network and the privately owned Ooredoo Algeria.