May 2026
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Largest Telecom Service Providers Public Companies in Brazil
Benchmark revenue and EBITDA valuation multiples for public comps like
Telefônica Brasil, TIM Brasil, Unifique Telecom, Desktop Sigmanet and Brisanet.
 | Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 102 million customers, which is equal to about 39% market share. The firm is strongest in the postpaid business, where it has 68 million customers, or about 41% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and also owns an extensive fiber network across the country. The firm provides internet access to 8 million households on this network. The firm also sells pay-TV and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 9% of total revenue. | $7 | +11% | $21B | $23B | 2.0x | 4.9x | ||
| TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026, taking full ownership of these assets. TIM also resells fiber network access from other providers. | $4 | +2% | $10B | $12B | 2.4x | 4.5x | ||
| Unifique Telecomunicacoes SA is a fixed broadband operator in Brazil. Its services include internet, fixed-line telephony, mobile telephony, HD Pay TV, data ceter among others. | $1 | +89% | $491M | $597M | 2.5x | 4.7x | ||
| Desktop - Sigmanet Comunicacao Multimidia SA is a telecommunications company focused on Internet access, television, and telephone. | $4 | +91% | $418M | $677M | 2.8x | 5.3x | ||
| Brisanet Servicos De Telecomunicacoes SA is a Brazilian company. The company's purpose is to provide telecommunications services, operating mainly in the fiber and mobile telephony segment. | $1 | -4% | $238M | $572M | 1.7x | 3.5x | ||
| Telecomunicacoes Brasileiras SA is a Brazil-based company. Along with its subsidiaries, the firm offers telecommunication services in the areas of fixed line and mobile communication and internet access services. Its product portfolio includes IP (Internet Protocol) Telebras, Telebras Point-to-Point, and Telebras MPLS (Multiprotocol Label Switching) Network. The company also provides broadband services and infrastructure support services. | $2 | -1% | $233M | ($72M) | (0.7x) | (0.5x) | ||
| Oi SA is a telecommunications company providing convergent broadband, pay TV, and local and long-distance voice transmission services. Currently, the group is focused on integrating telecommunications and Information and Communication Technology (ICT) services by offering a range of digital solutions related to cybersecurity, telecommunications, AI, cloud, and digital transformation for the corporate customer market. Additionally, the group is involved in providing BPO and field services, operating call centers, and offering a range of legacy services, which include services related to copper technology and regulated wholesale services. Geographically, the group operates in Bazil. | $0 | -80% | $9M | $2B | 3.4x | 0.8x | ||
| Median | $2 | +2% | $418M | $677M | 2.4x | 4.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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