Brazil's Alares acquires Oquei, gaining 68,000 customers

en.Wedoany.com Reported - Alares, a telecom operator headquartered in São Paulo (SP) and operating in 232 cities across seven Brazilian states, announced the acquisition of Oquei Telecom. The latter, based in José Bonifácio, operates in São José do Rio Preto and 28 other cities in northwestern São Paulo state, serving nearly 68,000 customers. This marks the 22nd M&A operation completed by the company since 2015, with the transaction amount undisclosed.

Oquei Telecom has an annual total revenue of 89.2 million Brazilian reais, a fiber optic network infrastructure spanning 3,100 kilometers, covering over 277,000 households and businesses across 30 cities, and employs 350 staff with 22 physical stores. Alares CEO Denis Ferreira stated that the acquisition will strengthen the company's presence in this strategic growth region of inland São Paulo, one of the operator's main economic hubs.

The completion of the transaction is still subject to relevant conditions precedent, including approval from the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica, CADE) and the National Telecommunications Agency (Agência Nacional de Telecomunicações, Anatel).

Upon integration, Alares' total customer base will exceed 435,000, making it the second-largest independent internet provider in the state. Its fiber optic network will total 35,000 kilometers, covering over 3.5 million households and businesses, with 151 physical stores and approximately 2,950 employees across seven states. The CEO stated that this operation is part of the company's strategic expansion plan, aimed at consolidating its leading position in industry consolidation.

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