The listed Telecommunications and Information Technology sector consists of a small number of large corporates and numerous small to medium sized businesses. The sector heavyweight, Telstra, has become the most widely held stock by Australian investors since the privatisation of the national carrier. New Zealand’s and Singapore’s national carriers are also listed on the ASX.
Large cap technology companies include service providers to the financial sector in Computershare and Iress Market Technology. SMEs make up the majority of the sector and consist of telecommunications distributors and resellers, IT consultancies and software developers and vendors.