2006/06/21

ETC to outsource all services

Just came across this: ETC to outsource all services


Hmmm, very interesting... I'm not sure I understand.


Does it mean "privatize" as in selling shares of ETC to private owners, or "outsource" as in contracting an external entity to perform some of the work for ETC. Those are two very different things... maybe they are doing both with one entity, i.e. an equity for services swap?


Also, it's unclear what the news is. Is it that there's a deal being negotiated to implement the existing policy of trying to sell 30% of ETC to a foreign telco? Or is it reporting that a new revised policy is coming up?


If anyone has more info, please pass it on! I really hope the latter. Privatization is not the cure. Competition is. Privatizing a monopoly is merely handing over the profits to an outsider, and not necessarily a recipe for innovation and growth.