Alares, an independent telecommunications operator based in São Paulo, provides internet access services via fiber optics, as well as subscription TV, fixed-line telephony, data services, and various digital solutions for individuals and businesses. The company has approximately 2,700 employees and operates in 228 cities across seven Brazilian states: São Paulo, Paraná, Minas Gerais, Rio Grande do Norte, Paraíba, Ceará, and Bahia. It boasts a high-quality fiber optic network spanning over 32,000 kilometers, covering 3.3 million Homes Passed and serving approximately 777,000 customers in the third quarter of 2024.
The history of Alares began in 2015 with the construction of a platform consolidating internet service providers in Brazil. The acquisition of Multiplay and Cabo, pioneering companies in their respective regions of Fortaleza and Natal, marked the start of this journey. During this period, the company significantly expanded its infrastructure network, always focusing on fiber optic technology.
In the following years, until mid-2021, in addition to Greenfield expansion projects targeting high-demand areas underserved by fixed broadband internet services, the company extended its operations to São Paulo, Minas Gerais, and Bahia through the acquisition of 10 new regional internet providers.
In 2021, under the name Grupo Conexão, Alares came under the control of the U.S.-based investment fund Grain Management, known for its extensive experience and focus on telecommunications and technology investments.
Under new ownership, 2022 was a year of significant transformation, characterized by the company’s focus on integrating its operations, including rebranding from Grupo Conexão to Alares, streamlining its corporate structure, and achieving substantial efficiency gains. Despite these changes, Alares continued its expansion, acquiring two new providers and assets from five small regional providers during this period.
In 2023, following a major integration effort, Alares resumed its M&A activities by acquiring Webby, strengthening its position in São Paulo and expanding into Paraná. The company also continued its organic growth into five new cities and invested in advanced technologies such as XGS-PON.
In 2024, Alares continued its expansion efforts by acquiring Azza, which brought a subscriber base of 136,000 – the largest in its history. This strategic move reinforced the company’s position as a leader in the consolidation of Brazil’s broadband market and highlighted its ability to identify, acquire, and integrate significant targets quickly and efficiently.