ITU Telecom World 2011 resulted in a net loss of...
ITU Telecom World 2011 resulted in a net loss of about 2.4 million Swiss francs ($2.6 million), in part because several companies withdrew their participation at the last minute because they lacked resources, and since ticket sales for a related…
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event were lower than expected, a report to a July meeting of the ITU Council meeting said. The Canton of Geneva financed the participation of least-developed countries, a related forum, interpretation and gear, and events to welcome heads of state, it said. Telecom World 2009, the most recent show before last year’s, cleared about 4.4 million Swiss francs, it said.