Millicom International Cellular S.A. (TIGO) vs Telefonica Brasil S.A. (VIV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Millicom International Cellular S.A. (TIGO) has outperformed Telefonica Brasil S.A. (VIV) over the past year, gaining 84.6% versus a gain of 4.5%. Over five years, TIGO leads with a +140.8% price change compared with +49.9% for VIV. Telefonica Brasil S.A. is the larger company by market cap ($19.76 billion vs $13.96 billion), about 1.4 times the size.
On valuation, Telefonica Brasil S.A. trades at a lower forward P/E (11.5x vs 11.8x for Millicom International Cellular S.A.). Telefonica Brasil S.A. offers the higher dividend yield (4.40% vs 3.60%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | TIGO | VIV |
|---|---|---|
| Share price | $83.24 | $12.37 |
| Market cap | $13.96B | $19.76B |
| 1-day change | -5.36% | -2.25% |
| YTD return | +58.64% | +6.66% |
| 1-year return | +84.61% | +4.55% |
| 5-year return | +140.76% | +49.88% |
| P/E ratio (TTM) | 21.02 | 15.85 |
| Forward P/E | 11.81 | 11.53 |
| EPS (TTM) | $3.96 | $0.78 |
| Dividend yield | 3.60% | 4.40% |
| Annual dividend | $3.00 | $0.544 |
| Revenue (latest FY) | $5.82B | — |
| Revenue growth (YoY) | +0.26% | — |
| Net income (latest FY) | $1.32B | — |
| Gross margin | 77.47% | — |
| Operating margin | 28.17% | — |
| Net margin | 22.62% | — |
| 52-week high | $107.13 | $17.26 |
| 52-week low | $44.88 | $11.17 |
| Distance from 52-week high | -22.30% | -28.36% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +18.20% | +24.38% |
| Average volume | 1.10M | 1.48M |
| Shares outstanding | 167.71M | 1.60B |
| Employees | 14,250 | 35,010 |
| Sector | Telecommunications | Telecommunications |
| Industry | Telecommunications Equipment | Telecommunications Equipment |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TIGO has outperformed VIV by 80.1 percentage points over the past year.
- Millicom International Cellular S.A. trades at a higher earnings multiple (21.0x vs 15.9x trailing P/E).
About Millicom International Cellular S.A.
TIGO stock →Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America.
Telecommunications · Telecommunications Equipment · 14,250 employees
About Telefonica Brasil S.A.
VIV stock →Telefônica Brasil S.A., together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line voice services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as value-added, prepaid plans with data sharing features, family plans, voice mail, caller identification, voice minutes in unlimited bundles to mobile and fixed-line phones, and digital services, and wireless roaming services.
Telecommunications · Telecommunications Equipment · 35,010 employees
TIGO vs VIV FAQ
Which is bigger, Millicom International Cellular S.A. or Telefonica Brasil S.A.?
Telefonica Brasil S.A. (VIV) is larger, with a market capitalization of $19.76B compared with $13.96B for Millicom International Cellular S.A. (TIGO).
Which stock has performed better over the past year, TIGO or VIV?
TIGO returned +84.61% over the past 12 months, compared with +4.55% for VIV (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, TIGO or VIV?
VIV has the lower trailing P/E at 15.9, versus 21.0 for TIGO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Millicom International Cellular S.A. or Telefonica Brasil S.A.?
Telefonica Brasil S.A. has the higher yield at 4.40%, compared with 3.60% for Millicom International Cellular S.A..
Are Millicom International Cellular S.A. and Telefonica Brasil S.A. in the same industry?
Yes. Both are classified in the Telecommunications Equipment industry within the Telecommunications sector.