Mobile World Congress Cancellation Not About Money – Host GSMA

The decision to cancel a major telecoms conference in Barcelona slated for later this month after mass withdrawals due to fears over a coronavirus outbreak was motivated only by a desire to protect people’s health and safety, organisers said on Thursday.

“This is not about money – it’s about health and safety and the reputation of our show,” Mats Granryd, director general of the GSMA telecoms association that hosts the event told a news conference the day after announcing its cancellation.

Granryd added this was a “force majeure” situation, and “there is no way you can insure yourself out of a force majeure situation”.―CNBC