Hong Kong (CNN Business) Growth at Chinese telecom group Huawei came to an abrupt halt in the first three months of the year as the coronavirus outbreak brought its home country to a near standstill.

The Shenzhen-based firm reported first quarter revenue of 182 billion yuan ($25.7 billion), an increase of just 1.4% compared to the same period a year earlier. That is a huge drop from growth of 39% it reported for the January to March period in 2019.

It also warned of a delay to the rollout of 5G networks in Europe.

Tuesday's announcement, which was light on details, marks just the second time the privately held company has released first quarter earnings.

The coronavirus pandemic has traveled from China to every corner of the globe. Parts of the United States are at a standstill, sweeping restrictions remain in place in much of Europe, and Japan is dealing with a surge in cases.

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