reprivatize
/riːˈpraɪvətaɪz/
verb
- To return a business, industry, or service that was previously owned or controlled by the government back to private ownership or control.
- Many countries moved to reprivatize their telecommunications companies in the 1990s.
- After decades of state control, the government decided to reprivatize the national airline.
- The city council voted to reprivatize the waste collection service to improve efficiency.
Antonyms