Privatisation without proper deregulation is little better than maintaining a state-owned monopoly. When privatising, only one approach makes sense: Selling of

Privatisation without proper deregulation is little better than maintaining a state-owned monopoly. When privatising, only one approach makes sense: Selling off all shares and ownership stakes held by the government in the incumbent operator and taking serious steps to make the regulatory environment as amenable to new competitors as possible. If that means selling off the retail side and the infrastructure side separately, so be it. It's not privatisation that was the mistake, it was the half-hearted politically timid way it was carried out that left Telstra as an effectively monopolist entity with the regulatory environment to help it remain one.