Are the "Carrier settings update" as invasive as it sounds?

I keep getting the prompt to update "carrier settings" and even though I cancel, it comes back. I read the page dealing with it on the Apple support, but it seems to say Apple wants to collect information about me, my use and possibly content from my carrier. I'm not ok with that. Am I getting it wrong? If I'm right, can they legally make it mandatory for me to download? Can I turn it off somehow without downloading it?
Thanks

TY, I started getting it 3 days ago and had never seen it before either. This is all they have to say about it.
iOS: Updating your carrier settings - Apple Support

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