Communication Services

Communication Services is sector 50 of the Global Industry Classification Standard (GICS), the industry taxonomy developed in 1999 by MSCI and Standard & Poor's for classifying public companies by their principal business activity. Under GICS, sector 50 is organized into two industry groups: Telecommunication Services, covering diversified and wireless telecommunication services; and Media & Entertainment, covering advertising, broadcasting, cable and satellite, publishing, movies and entertainment, interactive home entertainment, and interactive media and services. A company, product, or service is classified into this sector when its principal business activity falls within one of these two industry groups.