Wasn't the whole point of privatisation.....
so that companies would be free from the shackles of the government.
This would allow them to freely raise capital on the international money markets to invest in infrastructure and services, which would be used to compete with one another to entice us, the consumer, to sign with one company rather than another.
I seem to remember have this explained to me as a teenager in the 80's and through the 90's at great length.
If this was the case, then why are we constantly paying over and over again with price rises to ensure the future of the industry?