Furthermore, i have yet to hear of a slave high level operating system to the baseband. iOS or android being initialised and commanded by a secondary baseband OS would just be a bizarre setup. That of course does not mean that the baseband doesn't pass commands to the high level OS. Though if the interface is well shielded, exploiting it could be tough (correct me if I'm wrong, but I don't think baseband exploits exist for iPhone 5/5s).
Now, I'm sure the NSA however have some interesting possibilities that Angela Merkel would be all to keen to know about ;).