If the Telcos feel they can charge Google for carrying its bits, then perhaps they should pay all the newspapers, blogs, etc that are providing all their content to those telcos for free.
Over the last 20 years, Telcos have made humongous profits selling internet access to content that they didn't have any hand in producing. Meanwhile, the newspapers are going bust.
People keep talking about saving newspapers by introducing paywalls and such. There's already a paywall: it's the internet access monthly fee. Take the money out of there.