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"Instead of being a dumb pipe provider, now it's all about content and user experience," he said.
"Dave has exactly the right insight," says Odlyzko. "The natural thing to do is become a dumb pipe provider".
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The carriers themselves would resist such a scenario with tooth and nail because they'd become dumb pipe providers that couldn't lock users into contracts any longer.
But forget the past, let's look at why the carriers are poised to become more and more irrelevant beyond being pipe providers in the future.
Google's Knowledge Graph has been criticised in the past for encroaching on existing publishers, abusing its market position as the top search provider and pipe to the internet for the majority of the western world.
The reason for tapping Taskhub, Harriman said, is that the concept fits very well with the kind of business that Telefonica hopes to grow: more mobile services that take the carrier away from being a simple "dumb pipe" and instead a provider of innovative technology and services to its users.
Tellme is in negotiations with dozens of content providers to pipe in news and e-commerce to its phone-based system, sources said.
They become a utility; a provider of pipes and wires that allow money to be stored and moved from place to place.
But most importantly, the hypothetical bad behavior of another industry is not what should concern the FCC, and in fact is outside its jurisdiction; net neutrality is specifically about preventing the threat presented by broadband providers, keeping the pipe itself clear of blockage, throttling, fast lanes and so on.
Cal Dive, a provider of diving and pipe support services to drillers, expects the acquisition to bolster per-share earnings.
Cisco Systems, the dominant provider of the digital pipes that run the Internet, is making a big play in digital entertainment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com