The main news in Ireland for many months revolves around Irish Water Cronyism. It is a state company that uses tax payers money to establish itself, pay wages, possibly upgrade the water infrastructure etc. Regardless of making a profit or loss, this company can feed off the unlimited purse of the tax base. It might be a voluntary company as in consumers can opt out, but it is a monopoly so consumers will struggle to pick an alternative.
This is not privatization. This is not a private company.