This is why you also have laws in place to protect the core functioning of an entity. It’s why even with an absolute hack trying to undermine it, the USPS still delivered mail almost completely uninterrupted (despite the losing of sorting machines, which was about all that stooge could do to hinder the USPS).
I’d much rather federal and local municipalities run fiber options. If you’re using a utility pole, you should be subject to utility regulations full stop. And compared to having a locally monopolistic private corporation that has much more unilateral freedom to do super shady shit, I’d really prefer an entity that at least can have government oversight and associated required disclosures.