[11] Following the signing, the licence terms and conditions were finalized in March 2006, and the company officially launched in August 2006.
[12] In May 2014 a buyout offer of ZAR 7 Billion from cellular network Vodacom was accepted by shareholders of both companies.
[13] Even though regulatory approval by the Independent Communications Authority of South Africa was obtained in 2015, the deal ultimately collapsed in March 2016, after competitors successfully challenged the transfer of Neotel's licenses and spectrum in court.
[14][15] In June 2016, Tata Communications announced that it had sold its stake in Neotel to Liquid Telecom, which is majority owned by Econet Wireless Global, for US$428 million.
[18] As a wholesale telecommunications provider, and to support its own services, Neotel is involved in a number of submarine communications cables that will increase South Africa's international connectivity between 2009 and 2011.
[20] It manages the landing station in South Africa for SEACOM,[21] which was commissioned for operation on 23 July 2009, and is a participant in EASSy,[22] and WACS.