The consolidation among India’s operators continues, even as its government sets out new strategies for 5G. Aircel has applied for bankruptcy protection, and has entered talks with two larger rivals – Bharti Airtel and Reliance Jio – for intra-circle roaming (ICR) agreements which could keep its networks running. Aircel filed for corporate insolvency late last month after failing to reach an agreement with its main lenders on restructuring its debt mountain of INR155bn ($2.37bn). The operator said its objective was to find a way to continue operating, rather than wind up its business, but of course this will be dependent on keeping its services to customers in place while it negotiates a potential exit from bankruptcy. This will be tough to…