I am more concerned that they are using the idea that this "would give the internet giant an unfair advantage by denying access to users' data" as a pretext for "We will no longer be able to spy and spoof efficiently on our customers".

In my opinion, the telecoms and government give us a lot more reasons for concern than google. Its not in googles best interest to become known for censorship, customers will just use another browser and search engine (some already have), but you don't have the same degree of recourse with government and telecom control.