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SurgePay said it will become an MVNO of AT&T under a new agreement between the two companies. #pressrelease
November 21, 2024
SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has executed an agreement with AT&T enabling SurgePays to offer mobile wireless, voice, data and messaging services.
The multi-year mobile virtual network operator (MVNO) agreement allows SurgePays to provide its wireless customers with fast, reliable and secure 4G LTE and 5G wireless services from AT&T, one of the world's largest telecommunications companies, with a wireless network covering more than 99% of all Americans in North America .
With this new AT&T agreement, SurgePays can empower other companies to provide high-quality MVNO wireless services. Additionally, this agreement enables expansion into new segments and business channels in underserved and rural communities. SurgePays' extensive network of convenience stores, bodegas and neighborhood locations ensure products are accessible where customers live, shop and work. By offering prepaid wireless and financial products at lower prices – thanks to SurgePays' ownership of the transaction platform for processing, activations and top-ups – the company captures a significant market segment with a high demand for affordable solutions.
Read the full press release here.
SurgePays
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