> That same government hasn't exactly managed any of its semi-public companies particularly well: the national telco is for shit, postal service is nearly bankrupt, railways are mismanaged and underfunded, etc.

In fairness, it's not the same gov that nuked the public service than the one in power now. But on the flip side, the selloff of public services to private sector was a success and achieved the stated goals: Destroy it from the inside and use that as an excuse for more liberalization.