Grain Management-Backed Alares Acquires Azza Telecom
With this purchase, Alares will reach 765,000 customers in Brazil and become the sixth largest ISP in the country
São Paulo, S.P. (July 19, 2024)
Alares, a Grain Management-backed independent operator of telecommunications services offering internet access via fiber optics, subscription TV, wireline and streaming, announced that it has signed an agreement to acquire Azza Telecom.
The transaction, which is subject to regulatory approvals, will represent another important step in Alares’ growth strategy and reinforce its performance as a key player in the consolidation of the Brazilian broadband market. With this acquisition, Alares will serve more than 765,000 customers in 228 cities across seven states in the Southeast, Northeast, and South regions of the country, and solidify its position as the #1 provider in 40% of the cities in which it operates and the #2 provider in 24%. In addition, Alares will now have 126 stores in close proximity to its customers and target markets.
The operation places Alares as the sixth largest ISP in Brazil.
“Our fiber optic network will reach more than 32,000 kilometers, extending through several cities in Brazil from Ceará to Paraná, addressing a market of 3.3 million homes and companies in the regions in which we operate,” comments Denis Ferreira, CEO of Alares.
Along with the 2023 acquisition of Webby Internet, the acquisition of Azza Telecom strengthens Alares’ presence in the Southeast region, also marking the consolidation of the company in the state of São Paulo, where it will connect more than 317,000 homes and companies, becoming the 4th largest ISP in the state.
“We believe customers will benefit from a broader network structure, more robust service options, increased access to sales, service and field operations teams, and the convenience of efficient and quality digital channels,” adds Denis Ferreira.
About Alares
Alares is an independent telecommunications services operator providing high-speed, fiber-optic Internet access services as well as pay TV, fixa telephony, data and streaming.
It brings together approximately 2,100 employees and operates in 180 cities in seven Brazilian states – São Paulo, Minas Gerais, Paraná, Rio Grande do Norte, Ceará, Paraíba and Bahia. It has a network of 24,000 km of high-quality fiber optics, with coverage to connect to more than 2.5 million homes and businesses, serving more than 632,000 customers.
In addition to telephone service, and via digital channels, it has 96 own stores and its own customer service teams and field technicians, to ensure proximity and quality of service to customers.
About Azza Telecom
Founded in 2011 in the city of Sorocaba (SP), Azza Telecom offers broadband services via fiber optics for homes and businesses, wireline, TV and streaming services, as well as smart solutions for condominiums.
It has about 630 employees and operates within the state of São Paulo. The company is present in 48 cities and has more than 8,000 km of network that allows it to connect more than 836,000 homes and businesses. It has 30 stores to support the service of its more than 132,000 customers.
About Grain Management
Founded in 2007, Grain Management is a leading, global investment firm. We believe broadband and digital infrastructure are foundational to the tech-enabled transformation occurring across all industries and facets of society. Our global team of seasoned and diverse professionals share a collective passion for the power of connectivity to strengthen communities and unlock human potential for all.
We specialize in digital infrastructure and are a trusted solutions provider to the broadband and communications industry. Our unique combination of sector knowledge, experience as operators, and disciplined analytical approach guide our differentiated investment strategy across fiber networks, data centers, wireless spectrum, cell towers, as well as managed and infrastructure services.
Contacts:
Grain Management Public Relations
