Could it be the opposite of preparing for privatisation?
1. Create the time (by review) to drive down the SP through mixed messages, fear uncertainty and doubt (com com the bad-guy),
2. kill off the dividends by making the trading entity appear heading to insolvency (com com again),
3. then ride in on yr white knight and save the monopoly from extinction by compulsorily acquiring the assets for the public good (govt nationalises CNU),
4. use the taxpayers $ to fund the completion of UFB rollout then kick com com for touch and jack up the prices (your govt is here to protect you),
5. suck out a handsome ROI while hanging on until it's obscenely profitable (govt we love rorting the taxpayer to pay off our hubress and largess), then ..
6. start cycle all over again by privatising half of the company through an overpriced IPO (govt sucks in the desperate value investors - again, sigh).
Yup, got this all figured we have. Just not sure why I can't bring myself to sell my CNU and all the while have this powerful urge to buy buy buy, all the way to PT's valuation if necessary. ;)