The Rs. 1,48,792 crore cellular mobile industry, reeling under the pressures of a crippling debt of Rs. 2,50,000 crore and negative growth, is now demonstrating very little hope of early revival. The Cellular Operators Association of India (COAI), which represents GSM mobile operators that together service nearly 700 million of the 865 million mobile subscriptions, presented a bleak picture of the telecom industry at its AGM held last week.