Private Pause.WHILE THE BURGEONING SERVICE FROM BRAZIL'S RECENTLY liberalized telecom industry is taking headlines, the fervor for more privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned and deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. seems to be quietly waning. * A rash of court injunctions and other holdups have given potential investors pause. France's Lyonnais de Eaux and Great Britain's Thames Water Thames Water, known originally as the Thames Water Authority and after privatization as Thames Water Utilities Limited, is the utility responsible for water supply and waste water treatment in parts of Greater London, Surrey, Wiltshire, and the Thames Valley in the were reconsidering their bids for water and sewer SEWER. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception. Public sewers are, in general, made at the public expense. Crabb, R. P. Sec. 113. utility Manaus Saneamento in Brazil's Amazonas state after a court suspended the auction a couple months ago. * Injunctions also caused a series of delays leading up to the privatization of Banespa, Brazil's largest state bank, scheduled for August. * However, investor interest seems to have cooled. The government recently took a seat on the board of directors of Compania Vale do Rio Doce after it was unable to sell a 32% stake in the mining giant. And privatized railroad companies have put the brakes on their spending plans, meeting only 68% of their targets, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent Transport Ministry report. |
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