SurgePays Passes 200,000 Mobile Broadband Subscribers
October 05 2022 - 7:30AM
SurgePays, Inc. (SURG) (“SurgePays” or the “Company”), a
technology and telecommunications company focused on the
underbanked and underserved, announces it exceeded 200,000
subscribers in its mobile broadband subscriber business SurgePhone
Wireless LLC (“SurgePhone”), the Company’s wholly-owned
subsidiary.
“We believe that through the Affordable
Connectivity Program (“ACP”), we can positively impact the lives of
the underbanked and underserved across multiple dimensions:
financial, health, and academic. Bringing previously unconnected
individuals into the connected economy will result in dramatic
economic and social benefits,” said Chairman and CEO Brian Cox.
Mr. Cox continued: “We are still in the early
stages of the ACP scaling efforts to reach as many of the estimated
48 million qualifying households as possible. Today, SurgePhone
Wireless has over 220,000 subscribers exceeding the guidance given
at the beginning of the year. Our organic growth has been achieved
as we promised, without diluting our common stockholders.
“With our experienced team, economies of scale,
operational focus and software efficiencies, we believe SurgePhone
has the necessary foundation in place to accelerate the Company’s
growth towards a longer-term target of 500,000 subscriber.”
For more information on SurgePays, please visit
the Company’s investor relations website at ir.surgepays.com.
About SurgePays, Inc.
SurgePays, Inc. is a technology and
telecommunications company focused on the underbanked and
underserved communities. SurgePhone Wireless provide mobile
broadband to low-income consumers nationwide. SurgePays blockchain
fintech platform utilizes a suite of financial and prepaid products
to convert corner stores and bodegas into tech-hubs for underbanked
neighborhoods. Please visit SurgePays.com for more information.
MZ ContactBrian M. Prenoveau,
CFAMZ Group – MZ North Americabrian.prenoveau@mzgroup.us+561 489
5315
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