India is the third largest mobile market in the world, and one of the fastest growing. But it is threatening to implode, with disastrous consequences for consumer and business services and the government’s 5G ambitions. Will the webscalers, sensing an opportunity to shape a key market, save the day? Facebook has taken a big stake in Reliance Jio, Microsoft is reportedly mulling a similar move, and Google is reported to be investing in Vodafone Idea. This could bring much-needed new financing into the market, and the cloud giants would no doubt waste no time in showing show how telecoms can be provided in an entirely new way, if cloud platforms take the lead in the service model, not just in…