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Communication Services

Communication Services sector is made up of companies that make communication possible on a global scale, whether it is through the phone or the Internet, through airwaves or cables, through wires or wirelessly. This sector was previously called the Telecom sector, but consumer discretionary and technology stocks are being added into the sector as it’s been redefined. Communication services now include telecom, former tech, former consumer discretionary, media, entertainment, interactive media and services, and interactive home entertainment sub-industries. Because communication services is including former tech stocks, the sector is more risky with lower dividend yield when compared to the old telecom sector.

Our Segments: Media & Entertainment, Interactive Media & Services, Communications Equipment, Wireless Telecommunication Services, Diversified Telecommunication Services

The Media industry can be defined as a varied collection of organisations that share the production, publication and distribution of media texts. Entertainment comprises of businesses that produce and distribute motion pictures, television programs and commercials, streaming content, music and audio recordings, broadcast, radio, book publishing, video games and supplementary services and products.

The Interactive Media & Services Industry and Sub-Industry will include companies engaged in content and information creation or distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements. It will include search engines, social media and networking platforms, online classifieds, and online review companies.

The Communications Equipment industry consists of companies engaged in manufacturing telecommunications equipment such as telephones, modems, cable decoders, carrier switches, fiber cable, wireless and satellite communication equipment. The Communications Equipment industry excludes manufacturers of phones and accessories primarily for consumers.

The Wireless Telecommunications Services industry consists of companies engaged in providing wireless communication services, such as paging, cell phone and other satellite telecommunication services.

Diversified telecommunication services include alternative carriers that provide high-bandwidth or fiber optic networks and integrated telecom services that provide wired and wireless services.

Industry Drivers

View Industry Summary PDF 

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