Two major U.S. stock index providers on Tuesday said they plan to consult investors on changes that could result in the reclassification of telecommunication companies in widely used equity benchmarks.
S&P Dow Jones Indices and MSCI Inc, which together manage the Global Industry Classification Standard (GICS) industry taxonomy for indexes, said in a joint statement that the changes could include renaming an existing sector or creating a new industry grouping altogether.
(Reporting by Trevor Hunnicutt; Additional reporting by Caroline Valetkevitch; Editing by Sandra Maler)