Telecom companies are any company that provides devices meant for communication. They are most commonly associated with phones, but these companies sometimes operate in other communications areas as well. Most of the money in the Telecom space is made through selling usage of data to users. The telecom industry is home to some of the wealthiest companies in the world. The telecom industry typically boasts growth of about seven to eight percent per year. This is below the full market average of roughly ten percent per year. Investors have often flocked to these stocks because of the easy name recognition. Some investors are rewarded the fact that they are paid large dividends for holding the stocks of telecom companies. They are generally considered to be stable, slow growth companies. The telecom sector does have some smaller companies that are fast growers trying to make a name for themselves.