Telecom leaders in Brazil in 2023
The table of Telecom leaders in Brazil in 2023 showed a change compared to 2022, with Tecpar leading in net revenue growth.
Claro led in 5 indicators, followed by Vivo (3) and the Competitive companies Tecpar and Vero/Americanet leading in 1 each.
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| - | Indicator | Description | 2022 Leader |
2023 Leader |
| 1 | Revenue | Net Revenue | Vivo |
Vivo |
| 2 | Revenue Growth | Growth of Net Revenue | Desktop |
Tecpar |
| 3 | Mobile | Mobile Market Share | Vivo |
Vivo |
| 4 | Mobile | Mobile Revenue | Vivo | Vivo |
| 5 | Fixed | Fixed Services Market Share | Claro |
Claro |
| 6 | Fixed | Fixed Services Revenue | Claro | Claro |
| 7 | Fixed Broadband Accesses | Fixed Broadband Market Share | Claro |
Claro |
| 8 | Pay TV Accesses | Pay TV Market Share | Claro |
Claro |
| 9 | Fixed Telephones | Fixed Telephones Market Share | Claro |
Claro |
| 10 | Profitability | EBITDA Margin | Vero/Americanet |
Vero/Americanet |
In the 1st quarter of 2011, Teleco began monitoring the performance of Telecom Groups in Brazil through selected indicators.
From the end of 2021, Teleco started to consider those companies defined by Anatel as Small Providers (PPPs) as Competitive. Anatel considers Vivo, Claro, TIM, Oi and SKY large providers.
In 2Q22 the leadership in indicators began to be attributed to the leading company that discloses the indicator, regardless of size. The analysis will also present the results of the Competitives as a group.
Large providers and the following competitive companies that publish their results were included in this analysis: Algar, Brisanet, Alares, Desktop, Tecpar, Vero/Americanet and Unifique.
In Apr/22, the sale of Oi Mobile to Vivo, Claro and TIM was concluded, in accordance with the division agreed between the parties. The data in this comment considers the incorporation of Oi Mobile cell phones by these operators, starting in 2Q22, with the revenue being accounted to each operator starting in April.
Algar's revenue for 2023 presented in this comment was estimated by Teleco, as it had not yet released its results for the year.
The results for each indicator are presented below.
1) Revenue: Vivo was the leader in 2023
Vivo led in net revenue with R$ 52.1 billion in 2023, followed by Claro (R$ 45.5 billion) and TIM (R$ 23.9 billion).
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Note: Oi's revenue was estimated by Teleco
Vivo is the leader in mobile revenue (R$ 36.7 billion) and Claro in fixed revenue (R$ 19.6 billion).
Teleco estimated the total net revenue of providers in 2023 in R$ 170 billion.
2) Revenue Growth: Tecpar led 2023
Driven by acquisitions, Tecpar led with 73.6% growth in net revenue in 2023, followed by Unifique (30.2%). The growth in total net revenue was estimated by Teleco at 4.8%.
 |
Oi presented negative growth (-23.0%).
3) Vivo kept the leadership in mobile market share
Vivo maintained the leadership in 2023, but lost market share together with TIM.
Claro gained mobile market share in 2023 and led in net additions (+3.7 million).
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4) Vivo led Mobile Revenue in 2023
The three largest operators showed growth in 2023, further driven by the acquisition of Oi Mobile.
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Claro showed the biggest growth in the year (14.2%), followed by TIM (11.0%) and Vivo (10.9%).
5) Fixed: Claro is the Market Share leader
Claro led in fixed services market share with a total of 21.8 million accesses in 2023 and market share of 25.9%, but has been losing share. Oi competes with Vivo for second place.
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The gorup of Competitive companies had 38.2% market share in 2023.
6) Fixed: Claro leads in revenue
Claro led in fixed services net revenue counting R$ 19.6 billion in 2023, ahead of Vivo (R$ 15.4 billion).
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Fixed services net revenue decreased 1.0% in 2023.
7) Fixed Broadband Market Share: Claro
Claro led in fixed broadband market share in 2023, with 9.97 million accesses and 20.6% share, followed by Vivo (13.9%) and Oi (9.9%).
The group pf Competitive companies totaled 26.2 million fixed broadband accesses and a 54% share from the total accesses in 2023.
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8) Pay TV Market Share: Claro
Claro maintained its leadership in Pay TV and gained market share in 2023, despite losing 739 thousand subscribers.
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Pay TV lost 2 million subscribers in 2023.
9) Fixed Telephones Market Share: Claro was the leader
Claro remained in the leadership by holding 29.1% de market share and 7.4 million fixed telephones.
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Fixed telephony lost 1.7 million subscribers in 2023.
10) Profitability: Vero/Americanet led in Margem EBITDA
Vero/Americanet (51.0%) was the margem EBITDA leader in 2023, followed by Desktop (50.4%).
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Note: It considers routine or normalized EBITDA Margin. SKY doesn't disclose this indicator.
Oi's EBITDA Margin was negative in 2023 (-0.7%).
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