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Irish tech firms facing losses in fallout from coronavirus

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As well as losing out on deal-making opportunities, Irish exhibitors who have booked space at the event may not get refunds (stock photo)

As well as losing out on deal-making opportunities, Irish exhibitors who have booked space at the event may not get refunds (stock photo)

Getty Images/iStockphoto

As well as losing out on deal-making opportunities, Irish exhibitors who have booked space at the event may not get refunds (stock photo)

Irish tech and telecoms companies are set lose millions of euro from the cancellation of the Mobile World Congress trade fair in Barcelona as the economic fallout from coronavirus races ahead of the outbreak itself.

The giant Barcelona event was due to host 100,000 telecoms-focused visitors from all over the world at the end of the month, but was called off this week after dozens of major exhibitors pulled out due to fears of coronavirus exposure from Chinese attendees.

As well as losing out on deal-making opportunities, Irish exhibitors who have booked space at the event may not get refunds.