Deutsche Bahn kept getting prepared for privatization.
The state wanted to sell stock of DB AG at some point for profit. That's why they made it an AG after all.
That lead to massive cuts in services for increased profit - especially while Mehdorn was in office.
It ultimately was never privatized, and I don't see it getting privatized in the foreseeable future.
The difference might be that in Austria politicians actually care about railway and public transit as a whole, instead of treating it like a nuisance.