One of the challenges not mentioned, is that the US is very large in terms of square kilometers/miles/(insert REG unit of area here) in comparison to South Korea, Japan or Norway.
So nationalizing the initial 5G buildout is not on the surface a bad idea. Too soon to dig deeper, and honestly it is unlikely to happen. Guaranteed if the US government builds it, it will be to increase capbailities of the spy state already in place.