Could be. There is a lot going on.

Disruption comes in waves and tends to hit different layers. The entire broadcast world is facing that. Hell we are waiting on video to be an alternative to YouTube and TikTok. Major fragmentation.

So why not at the infrastructure level? I am not going to say the mobile or even satellite competes yet but it will. This is going to really affect these mobile companies.

Of course, telcos are now getting into bitcoin mining. The smarter ones will adapt. AT&T is still huge even though their long distance service died.