Alares Overview
Alares, an independent telecommunications operator headquartered in São Paulo, provides internet access services via fiber optic, as well as pay TV, landline, data services, and a variety of digital solutions for individuals and businesses. It employs approximately 2,700 people and operates in 228 cities across seven Brazilian states — São Paulo, Paraná, Minas Gerais, Rio Grande do Norte, Paraíba, Ceará, and Bahia. The company has a high-quality fiber optic network spanning over 31,000 km, with coverage of 3.2 million Homes Passed and serving around 798,000 customers in the first quarter of 2025.
Company History
Alares’ journey began in 2015, with the creation of a platform to consolidate internet providers in Brazil. The acquisitions of Multiplay and Cabo — pioneering companies in their respective regions located in Fortaleza and Natal — marked the beginning of this journey. During this time, the company significantly expanded its fiber optic infrastructure network.
From then until mid-2021, the company pursued Greenfield expansion projects in regions with high demand not yet served by fixed broadband internet services. It also expanded operations to São Paulo, Minas Gerais, and Bahia through the acquisition of 10 additional regional internet providers.
In 2021, operating as Grupo Conexão, Alares came under the control of the U.S. investment fund Grain Management, which has extensive experience and focus on telecommunications and technology investments.
Transformation and Growth
Under new ownership, 2022 was a transformative year, highlighted by the integration of operations, the rebranding from Grupo Conexão to Alares, corporate simplification, and significant efficiency gains. Despite this internal restructuring, the company continued expanding, acquiring two more providers and assets from five smaller regional ISPs.
In 2023, after completing major integration efforts, Alares resumed M&A activity with the acquisition of Webby, strengthening its position in São Paulo and expanding into Paraná. The company also grew organically into five new cities and invested in advanced technologies such as XGS-PON.
In 2024, continuing its expansion strategy, Alares acquired Azza, which had a subscriber base of 136,000 — the most significant acquisition in its history. This strategic move reinforces Alares’ leading role in consolidating Brazil’s broadband market and showcases its ability to quickly and efficiently identify, acquire, and integrate key targets.