[ILUG] [OT] Smart Telecom Broadband offer?

[Niall O Broin]

On 24 Feb 2005, at 17:39, Liam Bedford wrote:

> *mutter* *mutter* sell the infrastructure to private companies will ya 
> *mutter* *mutter*

In the interests of historical accuracy, the infrastructure (paid for 
by all the taxpayers) was GIVEN to a private company (owned by all the 
taxpayers) which was then sold by the government (on behalf of all the 
taxpayers) to a subset of the taxpayers who had enough spare cash to 
invest and thought that they would make a killing.

Instead, most of these investors lost money when they were obliged to 
sell their shares to yet another private company, owned by very wealthy 
individuals who knew what they were doing, unlike the first set of 
buyers.

You might note that there was very little mention of telecommunications 
users in this sorry tale - that would be because they don't matter.


Niall