Earlier quoted context omitted.
They already have control of all your traffic so what's the harm? Take the sim out of your phone in case you are really worried, but that would cut you off the network as well. I'd be far more concerned with the hundreds of microcontrollers running proprietary code.
The SIM, being a physical piece of hardware plugged into my phone, could easily be used as an attack vector for my phone company to root my phone. Hardware plugged into my phone is a much more vulnerable attack surface than control of network traffic.
[network] [phone] [SIM card]
In theory. Not sure how well practise matches this though.