The SNO shareholders are proof of the South African ideal of strength in diversity. Though united in their common purpose to establish a strong competitor in the South African market, each brings its own particular strength to the SNO.
The Telecommunications Act provides for the Eskom Holdings and Transtel (a division of Transnet) to have a shareholding of 15% each in the SNO. 19% shareholding was to be allocated to a black empowerment enterprise. After the due selection process, Nexus Connexions was selected as the BEE shareholder in the SNO. The remaining 51% of the SNO was allotted to Strategic Equity Partner Company (SEPCO), constituted by the Tata Group of India (through VSNL and Tata Africa Holdings Pty Ltd) and two private consortia - Communitel and Two Consortium.