It has been a force that the telcos have been fighting since the Internet became such a success. The age of the dumb pipe for telcos is coming, even if the governement has to force it down their throats.
The UK governement has release a tender for a new mobile payment system to integrate the payment systems of the three largest UK banks. It is based on the traditional Internet model when the telcos would just deliver the data over their network but would not be part of the financial transactions. I am sure that the telcos will not take this quietly.