Well, "little bits of utility code" are probably best not shared across unrelated projects. Just look at how many implementations of "Hello, World!" are out there. :-)
Seriously, DRY is not an absolute. There is a cost for searching for an existing solution and a relatively high maintenance cost for sharing library code across otherwise independent projects. One project wants to add functionality but another project doesn't, so what do you do? You fork it or add an option, and now you're not really sharing the code anymore. Or worse one project adds a feature but it breaks some other project. The more people use a library the harder it is to change.
You see a very big and practical example of this right now in the Ruby on Rails community. Projects rely on dozens of gems (hefty bits of utility code) and then they are afraid to update them because something will break because "improvements" in one library break the expectations of another. It's managed to a large degree with sensible version numbers that segregate changes by the likelihood of breaking existing code, but still, there's a lot of overhead to versioning and managing those version numbers, and it's just not worth it for 20 lines of code.
As a rule of thumb, if you're the first person to write it, it's not that useful. If Large Telco doesn't already have that functionality in the codebase such then no one else felt it was important. More likely, it's in there somewhere and you can't be bothered to find it because it's easier to just write it yourself. And you're probably right, but so are your colleagues who want to just write it themselves rather than go look for it.
In practice, the best advice I can give is to keep your own personal library of code snippets and carry them around with you. Copy and paste from other projects if you like. As long as the snippets are small and don't contain real secrets, like cryptographic keys or the formula for Coca-Cola, no one is going to bother you about taking code from one company to another let alone from one project to another.
And then when a colleague asks "hey, do you know a good way to do X" you can just copy and paste the code into an email or IM and be the hero of the hour.