Clearly the policy wasn't well implemented, no proper oversight. Just threw money at it.
Socialistic governments have been for years in Scandinavian countries, like Sweden, Norway, Denmark - they leading with happiest nation in the world. So I would not be so quick with generalisation. I could say that all right wing governments leave working class people poorer. But this would just be in the same boat.
Talking about broadband, I read article today, and in USA there are lot of places where public owns broadband network (for example Tennessee). When BT was in public hands, when Mrs Thatcher decided to sell it off. It was back than that fibre optic was being developed and planned, but as it was privatised - it was scrapped to continue with copper as it was cheaper.