More exactly, Sipstatus Communications, a less-known telecom operator set up one decade ago, went from RON23 million turnover in 2015 to RON220 million in 2020 and then RON663 million in 2021 before reported over RON1 billion turnover in 2022 and 2023, coming close to Telekom Romania Mobile Communications.
In 2024, the entire growth was wiped out: the company returned close to 2015 turnover after a 98% decline.
More specifically, 2024 turnover nosedived in 2024 to RON27.3 million, from RON1,175.2 million in 2023. Net profit slid from RON3.3 million to RON0.9 million. The average number of employees went down from 42 to 40.
ZF in previous years sent Sipstatus Communications several questions about the evolution of the business, its shareholding structure and investments in some real estate projects, but got no answers.
(English version by Catalina Apostoiu)