My idea was more about how a change in expectations of the business models of the current providers would possibly have such a negative impact on future growth

My idea was more about how a change in expectations of the business models of the current providers would possibly have such a negative impact on future growth and revenue predictions, their stock price couldn’t handle a revelatory switch to just being dumb pipes. If society wants dumb pipe providers, we’ll have to radically alter the business ecology of the telecoms sector. Oh, to have a modestly profitable and much less ambitious dumb-pipe provider eat all their lunches!