For the first time in 33 years! MWC 2020 Pakistan exhibition cancelled, with more than US $100 million loss

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 For the first time in 33 years! MWC 2020 Pakistan exhibition cancelled, with more than US $100 million loss


Eight days ago, LG Electronics of South Korea took the lead in deciding not to participate in this years MWC, and then a series of companies made similar decisions.

Mike Rosenberg, an associate professor at IESE business school in Barcelona, said of the cancellation of MWC, which was scheduled to be held in February this year, the idea that tens of thousands of people must be brought together to hold the exhibition, we should give up.

Rosenberg said the next big meeting GSMA plans to hold in Shanghai this summer may also be at risk, given that the outbreak of coronavirus pneumonia has not been eliminated.

So far, only two cases of coronavirus have been reported in Spain, including one in the Canary Islands, an island group in the northwest African sea area and an autonomous region of Spain. Another case occurred on the Mediterranean island of Mallorca.

Pere Aragones, Catalonias top economic official, told the media that he respected the cancellation decision, but there was no public health risk in the Spanish region. He called for a stronger partnership between GSMA and Catalonia, and called for the continuation of the annual MWC in Barcelona after the expiration of their contracts.

Analysts say that large companies can afford to host new product launches or product marketing events alone, but for hundreds of smaller companies, MWC is a big event in their marketing plans, and they may be disappointed.

Now, they have a challenge to figure out the best way to save, said Ben wood, head of research at ccsinsight, a consultancy

GSMAs leadership held a joint press conference with local leaders in MWCs venue to focus on the preparation of next years MWC event. MWC events have been held in Barcelona since 2006.

Mats granryd, GSMAs Director-General, acknowledged that the insurance GSMA bought on behalf of exhibitors did not include a similar coronavirus outbreak. But Gregs statement, faced with severe questions from media reporters.

Its clear that you cant be sure you can get out of the force majeure, says Mr. grad We will find a way to continue the conversation, said Ramon Fernandez, chief financial officer of orange, a French mobile operator In fact, before GSMA made the decision to cancel this years MWC, rumors about the cancellation of MWC had snowballed around, but GSMA was still inviting the media to hold this MWC. The last news that affected MWC this year was that European telecom companies, which are the core members of GSMA, announced their withdrawal, which forced GSMA to finally make the final decision to cancel this years MWC. Greg emailed employees that he was deeply saddened.. Novel coronavirus pneumonia (Tianmenshan Mountain) is effective in reading new plasma. But too little! Call on the convalescent to donate blood and tears! The most romantic anti epidemic lover on the front line of the epidemic: I will marry you when I go out. Lei Jun just wants to surpass Huawei. Can I succeed? Source: responsible editor of Netease science and technology report: Qiao JunJing u00b7 nbj11279

Its clear that you cant be sure you can get out of the force majeure, says Mr. grad

We will find a way to continue the conversation, said Ramon Fernandez, chief financial officer of orange, a French mobile operator

In fact, before GSMA made the decision to cancel this years MWC, rumors about the cancellation of MWC had snowballed around, but GSMA was still inviting the media to hold this MWC.

The last news that affected MWC this year was that European telecom companies, which are the core members of GSMA, announced their withdrawal, which forced GSMA to finally make the final decision to cancel this years MWC.

Greg emailed employees that he was deeply saddened.. (Tianmen Mountain)