GSMA Details Refund Packages for MWC20 Attendees & Exhibitors

GSMA Details Refund Packages for MWC20 Attendees & Exhibitors 1

Following the cancellation earlier this year of the 2020 Mobile World Congress trade show, GSMA, the organizer behind the even, has finally disclosed details regarding the compensation packages that it will provide to attendees and exhibitors who had already paid to attend the show.  The organization will refund price of tickets to individual visitors, while exhibitors will have two options, depending on how much they’ve spent.

For visitors/attendees, things are relatively simple: all purchased tickets will be refunded via their original method of payment.

Meanwhile, exhibitors will be separated in two camps. Companies who spent up to £5,000 have two options: to get a full refund, or get a credit worth 125% of their 2020 show fees, spread out over the next three years. As for customers who spent over £5,000, they have two options: they can get the same 125%, 3 year credit against their 2020 outlay, or they can claim a cash refund of 50% of their 2020 spending, with a maximum cap of £150,000.

GSMA MWC2020 Refund Policy
  Option One Option Two
Attendee Tickets 100% refund
Exhibitors with up to £5,000 100% refund A cumulative credit of 125% of 2020 fees, paid out over three years as follows:
MWC2021: 65%
MWC2022: 35%
MWC2023: 25%
Exhibitors with over £5,000 50% refund
capped at £150,000

Overall, the GSMA’s terms for large companies that spend huge amounts of money are not as good as those for other categories. The GSMA would have already spent a significant amount of money on the show before it was canceled (especially so close to the actual show dates); and while it’s not something the group would ever directly state, it’s likely that they don’t have the means to offer a full refund to the show’s large exhibitors. The upside, at least? The group has stated that exhibitors who pulled out of the before the official cancellation will still be eligible to the credit deal.

Coinbase 3

Otherwise, as things stand, the GSMA is confident that MWC21 will take place from March 1 to March 4, 2021. The organizer does not plan to increase costs to booking rates. Meanwhile, the company understands that the global pandemic will have a serious impact on upcoming events in particular and industry in general.

Here is what John Hoffman, CEO of GSMA, told Mobile World Live:

“The convening ecosystem, the events business, is no doubt changed by Covid-19. We don’t know yet exactly what that means, but we do know that people will still want to come together and network and discuss and debate the future. So, while we haven’t figured out exactly what the market is going to decide, we do believe there is going to be an opportunity for us to adjust our business model, to adjust the way we do business and frankly to adjust the way the world will come together.”

Related Reading:

Source: Mobile World Live

GSMA Details Refund Packages for MWC20 Attendees & Exhibitors 2
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 41,603.00
ethereum
Ethereum (ETH) $ 2,463.23
tether
Tether (USDT) $ 0.998285
binance-coin
Binance Coin (BNB) $ 333.12
cardano
Cardano (ADA) $ 1.31
xrp
XRP (XRP) $ 0.752829
dogecoin
Dogecoin (DOGE) $ 0.210436
usd-coin
USD Coin (USDC) $ 0.999681
polkadot
Polkadot (DOT) $ 16.41
binance-usd
Binance USD (BUSD) $ 0.999884
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 41,603.00
ethereumEthereum (ETH)
$ 2,463.23
tetherTether (USDT)
$ 0.998285
bitcoin-cashBitcoin Cash (BCH)
$ 544.95
litecoinLitecoin (LTC)
$ 143.76
bitcoinBitcoin (BTC)
35.041,17
ethereumEthereum (ETH)
2.074,72
tetherTether (USDT)
0,840830
bitcoin-cashBitcoin Cash (BCH)
459,00
litecoinLitecoin (LTC)
121,09
bitcoinBitcoin (BTC)
29,800.02
ethereumEthereum (ETH)
1,764.40
tetherTether (USDT)
0.715067
bitcoin-cashBitcoin Cash (BCH)
390.34
litecoinLitecoin (LTC)
102.97

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Hacks and Scam
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin41,575 0.44 % 7.29 % 24.27 %
Ethereum2,456.9 0.35 % 4.99 % 16.05 %
Tether1.000 0.21 % 0.05 % 0.20 %
Binance Coin332.16 0.23 % 7.32 % 11.60 %
Cardano1.310 0.78 % 3.82 % 8.75 %
XRP0.7517 0.17 % 4.07 % 23.34 %
Dogecoin0.2095 0.70 % 4.34 % 8.18 %
USD Coin0.9992 0.13 % 0.05 % 0.16 %
Polkadot16.31 0.80 % 11.31 % 22.15 %
Binance USD0.9984 0.18 % 0.05 % 0.56 %

bitcoin
Bitcoin (BTC) $ 41,363.00
ethereum
Ethereum (ETH) $ 2,456.12
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 331.94
cardano
Cardano (ADA) $ 1.30
xrp
XRP (XRP) $ 0.745529
dogecoin
Dogecoin (DOGE) $ 0.211547
usd-coin
USD Coin (USDC) $ 0.999437
polkadot
Polkadot (DOT) $ 16.44
binance-usd
Binance USD (BUSD) $ 1.00