The single most corrupt thing that ever happened in this country was the privatization of telkom  - which by the way did NOTHING to improve service, that only happened when it's monopoly was broken. We PAID For that network, then they create a private company and didn't EVEN give us the shares - a bunch of rich people got to get richer off of the investment ALL OF US had made ! They flagrantly robbed the country at a level that makes the arm's deal look tiny.

Historically the only thing consistently WORSE for the public than a government service with a monopoly is a private monopoly. 
So what exactly is it that you expect to GAIN from this exercise ? It would cost a fortune to do (the logistics of privatization tend to be very big and expensive), service would be no better (and likely worse), and it would probably cost more. 

The only people who would benefit is the lawyers who'll get rich drafting all the contracts and regulations.