Dear Shareholders,

We present this Semi-Annual Report which covers the activities of Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. (the “Fund”) for the six-month period ended April 30, 2011. The Fund’s principal investment objective is to seek long-term capital appreciation by investing primarily in equity securities of telecommunications and infrastructure companies in emerging markets.

Net Asset Value Performance

For the six month period ended April 30, 2011, the total return to shareholders of the Fund based on the net asset value (“NAV”) of the Fund was 3.8% versus a return of 8.7% for the Fund’s benchmark, the MSCI Emerging Markets Telecommunications Services Index 10/40.

Share Price Performance

The Fund’s share price increased 1.2% over the six months, from $19.08 on October 31, 2010 to $19.31 on April 30, 2011. The Fund’s share price on April 30, 2010 represented a discount of 11.1% to the NAV per share of $21.71 on that date, compared with a discount of 8.5% to the NAV per share of $20.86 on October 31, 2010. As of June 8, 2011, the share price was $18.67, representing a discount of 11.2% to the NAV per share of $21.02.

Market Review

During the latter part of 2010, the telecommunication and infrastructure stocks in emerging markets joined the general rise in the broader asset class, ending the year on a strong note of optimism over improved global growth prospects and firmer commodity prices which underpinned sentiment. Although telecommunication and infrastructure stocks also rose in tandem with the broader market over the first quarter, infrastructure stocks lagged in an environment of higher interest rates and greater risk aversion in emerging markets. Telecommunication stocks led gains as further monetary tightening in emerging markets to tackle rising inflation and growing unrest in the Middle East worried investors.

Throughout the six-month period under review, inflation had remained a central concern, driven by politically sensitive food prices. Moreover, we believe the spike in oil and other commodity prices following the Arab upheavals stoked inflation fears. Central banks in a number of markets have continued to tighten policy rates. Other less orthodox economic policy methods have been implemented. China has increased banks’ reserve requirements. Along with monetary tightening, Brazil announced restrictions on capital inflows.

Despite the volatility in the stock markets, growth in most emerging markets was steady. Chile recovered from last year’s earthquake, South

Africa gained from the resurgence in the mining and manufacturing sectors, as a number of Asian economies, including Hong Kong, Indonesia, Malaysia and Thailand, also reported healthy growth.

During the period, the major contributors to the performance of the Fund were telecommunication stocks including Mobile Telesystems, Bharti Airtel, the Malaysian company Digi.Com, as well as Taiwan Mobile, Bezeq, the leading Israeli telecommunications company, and the Chilean mobile operator Entel. Detractors from performance included Safaricom, the Kenyan telecoms operator, as well as MTN and Indosat. Infrastructure investments which impacted performance adversely include Multiplan, the Brazilian shopping mall operator and Ultratech, the Indian cement company.

Outlook

In the near term, inflation is posing challenges for management teams as it is often difficult for infrastructure and telecommunication companies to pass on the effects of inflation due to regulatory concerns, government set tariffs and competition. Those management teams able to take cost out of their businesses, re-engineer their businesses and enter new unregulated segments should be well-placed.

With regard to telecommunication stocks in specific markets such as India and China the level of mobile penetration for voice services, which is estimated to be at 56.6% and 60.5% respectively (Bank of America Merrill Lynch, December 2010), remains attractive in our opinion. Moreover, with the continued roll-out of 3G infrastructure and early deployment of 4G or (Long Term Evolution) in emerging markets, the prospect for the delivery of high-speed data services remains compelling. In many emerging markets data is exhibiting very high year on year growth rates (e.g. 47.5% y/y in 3Q’10 in India), albeit from a relatively low base but remains a comparatively modest proportion of service revenues at 12.8% (BofAML December 2010). We believe the increased affordability of smartphones, in part thanks to Android, should drive smartphone penetration and hence data service revenues. For emerging markets, mobile broadband offers the potential to replace fixed broadband demand as happened with voice.

Emerging economies such as Brazil and China are expected to boost investment in capital projects ranging from railways to power stations.

Investor Relations Information

For information about the Fund, daily updates of share price, NAV and details of recent distributions, please contact Aberdeen by:

·      Calling toll free at 1-866-839-5205 in the United States,

·      Emailing InvestorRelations@aberdeen-asset.com, or

·      Visiting the website at www.aberdeenetf.com.

For more information about Aberdeen Closed-End Funds, please visit our Closed-End Investor Center at www.aberdeen-asset.us/cef.

From the site you will also be able to review performance, download literature and sign up for email services. The site houses topical information about the funds, including fact sheets from Morningstar that are updated daily and monthly manager reports. If you sign up for our email service online, we can ensure that you are among the first to know about Aberdeen’s latest closed-end fund news.

Included within this report is a reply card with postage paid envelope. Please complete and mail the card if you would like to be added to our enhanced email service and receive future communications from Aberdeen.

Yours sincerely,

Christian Pittard
President

The Fund has a Dividend Reinvestment and Direct Stock Purchase Plan (the “Plan”), which is sponsored and administered by Computershare Trust Company, N.A., the Fund’s transfer agent.

The Plan allows registered stockholders and first time investors to to buy and sell shares and automatically reinvest dividends and capital gains through our transfer agent. This is a cost-effective way to invest in the Fund.

Please note that for both purchases and reinvestment purposes, shares will be purchased in the open market at the current share price and cannot be issued directly by the Fund.

For more information about the Plan and a brochure that includes the terms and conditions of the Plan, please call Computershare at 1-800-647-0584 or visit www.computershare.com/buyaberdeen.

April 30, 2011

April 30, 2011 (unaudited)

April 30, 2011 (unaudited)

April 30, 2011

April 30, 2011

April 30, 2011

April 30, 2011

Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. (the “Fund”) is registered under the Investment Company Act of 1940, as amended, as a closed-end, non-diversified management investment company.

The Fund seeks long-term capital appreciation by investing primarily in equity securities of telecommunications and infrastructure companies in emerging markets.

On September 1, 2010, the Board of Directors of the Fund (the “Board”) approved changes to non-fundamental investment policies and changed the name of the Fund. Effective November 1, 2010, under normal market conditions at least 80% of the Fund’s net assets, plus any borrowings for investment purposes, are invested in equity and debt securities of emerging markets telecommunications companies and of infrastructure companies. In addition, under normal market conditions, at least 20% (but not more than 24.9% at the time of purchase) of the Fund’s net assets will be invested in equity and debt securities of companies in the infrastructure industry. The Fund continues to trade on the New York Stock Exchange AMEX under the ticker symbol “ETF” and there was no change in the Fund’s cusip number.

The Fund is sector concentrated and has invested a high percentage of its assets in the telecommunications sector. As a result, the financial, economic, business and political developments in a particular sector of the market, positive or negative, have a greater impact on the Fund’s net asset value and will cause its shares to fluctuate more than if the Fund did not concentrate its investments in a particular sector.

1. Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The financial statements of the Fund are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses for the period. Actual results could differ from those estimates. The U.S. Dollar is used as both the functional and reporting currency.

(a) Security Valuation:

Securities for which market quotations are readily available are valued at current market value as of the “Valuation Time.” The Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time). Equity securities are typically valued

at the last quoted sale price. Effective January 1, 2011, if there is no sale price available, the last quoted mean price provided by an independent pricing service approved by the Board is used. Prior to January 1, 2011, if there was no sale price, the last quoted bid price provided by an independent pricing service was used. Securities traded on NASDAQ are valued at the NASDAQ official closing price. Prices are taken from the primary market or exchange on which each security trades. Investment companies are valued at net asset value as reported by such company.

Most securities listed on a foreign exchange are valued either at fair value (see description below) or at the last sale price at the close of the exchange on which the security is principally traded. Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate of said currencies against the U.S. dollar, as of the Valuation Time, as provided by an independent pricing service approved by the Board.

Debt and other fixed-income securities (other than short-term obligations) are valued at the last quoted bid price and/or by using a combination of daily quotes and matrix evaluations provided by an independent pricing service, the use of which has been approved by the Board. In the event such quotes are not available from such pricing agents, then the security may be priced based on bid quotations from broker-dealers. Short-term debt securities of sufficient credit quality, such as commercial paper and U.S. Treasury Bills having a remaining maturity of 60 days or less at the time of purchase, are valued at amortized cost, which approximates fair value.

Securities for which market quotations are not readily available, or for which an independent pricing service does not provide a value or provides a value that does not represent fair value in the judgment of the Fund’s investment adviser or designee, are valued at fair value under procedures approved by the Board. In addition, fair value determinations are required for securities whose value is affected by a “significant” event that materially affects the value of a domestic or foreign security which occurs subsequent to the time of the close of the principal market on which such domestic or foreign security trades and before the Valuation Time (i.e., a “subsequent event”). Typically, this will involve events occurring after the close of a foreign market on which a security trades and before the next Valuation Time.

The Fund’s equity securities that are traded on a foreign exchange or market which closes prior to the Fund’s Valuation Time are fair valued by an independent pricing service. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security. If the pricing service is unable to provide a fair value for a security, the

April 30, 2011

security will continue to be valued at the last sale price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee. When the fair value prices are utilized, the value assigned to the foreign securities may not be quoted or published prices of the securities on their primary markets.

The Fund values restricted securities at fair value. The Fund’s estimate of fair value assumes a willing buyer and a willing seller neither acting under the compulsion to buy or sell. Although these securities may be resold in privately negotiated transactions, the prices realized on such sales could differ from the prices originally paid by the Fund or the current carrying values, and the difference could be material.

The Fund also invests in venture capital private placement securities, which are classified as Level 3 investments. In determining the fair value of these investments, management uses the market approach which includes as the primary input the capital balance reported; however adjustments to the reported capital balance may be made based on various factors, including, but not limited to, the attributes of the interest held, including the rights and obligations, and any restrictions or illiquidity of such interests, and the fair value of these venture capital investments.

For the six months ended April 30, 2011, other than described above there have been no significant changes to the valuation procedures approved by the Board.

Equity securities are valued at the most recent sale price or official closing price reported on the exchange (US or foreign) or over-the-counter market on which they trade and are categorized as Level 1 securities. Securities for which no sales are reported are valued at the calculated bid. For certain international equity securities, in order to adjust for events which may occur between the close of the foreign exchange they are traded on and the close of the New York Stock Exchange, a fair valuation model may be used (as described above). This fair valuation model takes into account comparisons to the valuation of American Depository Receipts (ADRs), exchange-traded funds, futures contracts and certain indices and these securities are categorized as Level 2.

The Fund is required to disclose information regarding the fair value measurements of the Fund’s assets and liabilities. Fair value is defined as the price that the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. The disclosure requirements utilize a three-tier hierarchy to maximize the use of observable market data, minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use

in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable.

Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, which are based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

Level 1 – quoted prices in active markets for identical investments.

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments, information provided by the General Partner or Investee Companies such as publicly traded prices, financial statements, capital statements).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

April 30, 2011