Alares Overview
Alares is an independent telecommunications operator headquartered in São Paulo, offering fiber-optic internet access, pay TV, streaming, fixed-line telephony, data services and a broad range of digital solutions for residential and business customers. The company has approximately 2,700 employees and operates in 232 cities across seven Brazilian states: São Paulo, Paraná, Minas Gerais, Rio Grande do Norte, Paraíba, Ceará and Bahia. Alares operates a high-quality fiber-optic network spanning more than 32,000 kilometers, covering 3.3 million homes passed and serving approximately 817,000 customers as of the second quarter of 2026.
Company History
Alares’ journey began in 2015 with the creation of a platform focused on consolidating internet service providers in Brazil. The acquisitions of Multiplay and Cabo—pioneering companies in their respective regions, based in Fortaleza and Natal—marked the beginning of this journey. Since then, the company has significantly expanded its network infrastructure, maintaining a consistent focus on fiber-optic technology.
In the following years, through mid-2021, in addition to developing greenfield expansion projects in high-demand regions still underserved by fixed broadband, Alares expanded its operations into the states of São Paulo, Minas Gerais and Bahia through the acquisition of 10 additional regional internet service providers.
In 2021, while still operating under the Grupo Conexão brand, the company came under the control of Grain Management, a U.S.-based investment firm with extensive experience and a strong focus on the telecommunications and technology sectors.
Transformation and Growth
Under the new management, 2022 was marked by a major transformation process focused on integrating operations, rebranding Grupo Conexão as Alares, simplifying the corporate structure and achieving significant efficiency gains. Despite the restructuring process, the company maintained its expansion pace, acquiring two additional internet service providers and the assets of five small regional ISPs.
In 2023, after completing a major integration process, Alares resumed the acceleration of its mergers and acquisitions strategy with the acquisition of Webby, strengthening its position in São Paulo and expanding its operations into Paraná. The company also grew organically into five additional cities and invested in advanced technologies such as XGS-PON.
In 2024, as part of its continued expansion strategy, Alares acquired Azza, which had a customer base of 136,000 subscribers—the most significant acquisition in the company’s history. This strategic transaction strengthened Alares’ position as a leading player in the consolidation of Brazil’s broadband market and demonstrated its ability to identify, acquire and integrate relevant assets with agility and efficiency.
In 2025, the company continued to advance its profitable growth strategy by increasing the monetization of its customer base, launching Alares Play and strengthening its presence in the business segment. In mergers and acquisitions, Alares completed the acquisition of IPNet, its 21st M&A transaction since 2015. The transaction provided geographic complementarity and generated operational synergies.