denationalization
🇺🇸
/ˌdiːˌnæʃnələˈzeɪʃn/
🇬🇧
/ˌdiːˌnæʃnəlaɪˈzeɪʃn/
The act of transferring a company or industry from state ownership to private ownership.
The government's plan for denationalization of the telecommunications industry was met with mixed reactions.