I think this makes perfect sense. Competition fundamentally doesn't work when it comes to infrastructure like this. I don't hear anyone saying that we need more privatized competition in our sewer systems. Why? Because it's incredibly costly to build and having private companies build two, three, or more sewer systems in one city/town would be insane. The costs per user of each one of those systems would rise dramatically because you would have far fewer people paying into each system. Same goes for our internet connections. Creating multiple competing networks in this case raises prices for everyone and we needlessly duplicate the amount of infrastructure required to serve everyone. That is why we make services like sewer, water, and electricity regulated monopolies. I don't see how internet, in this day in age, is any different. Just like everyone needs electricity, everyone needs internet. That being said, we do need competent government officials that can balance costs with public good. If we elect incompetent people, we get incompetent results.