SurgePays Passes 65,000 Mobile Broadband Subscribers
March 09 2022 - 7:30AM
SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the
“Company”), a technology and telecommunications company
focused on the underbanked and underserved, continued growth in its
mobile broadband subscriber business SurgePhone Wireless LLC
(“SurgePhone”), the Company’s wholly owned subsidiary.
Month |
Total Subscribers* |
Revenue Generated |
August |
800 |
$115,212 |
September |
7,000 |
$1,057,294 |
October |
13,000 |
$1,369,872 |
November |
19,000 |
$1,680,790 |
December |
30,000 |
$2,901,100 |
January |
45,000 |
$3,794,710 |
February |
63,000 |
$5,041,240 |
*Rounded
Commenting on the growth in the mobile broadband
business, Chairman and CEO Brian Cox stated, “Our mobile broadband
channel continues to surpass internal expectations. Providing
internet access to over 63,000 households, while achieving $5
million a month in recurring revenue, is a great start. We expect
to be in all 50 states in the next 30-45 days and look to
exponentially increase subscribers which should necessitate
guidance upwards from our original target of 200,000 in 2022 as our
mobile broadband channel continues to expand significantly.
“The Affordable Connectivity Program is an FCC
benefit program that helps ensure that households have access to
the broadband they need for work, school and healthcare. SurgePhone
is licensed to offer this program in 14 states encompassing
approximately 25 million qualified people. In Florida alone, it is
estimated that 6.4 million households qualify. Making home internet
affordable makes getting homework done, applying for jobs and
receiving higher quality healthcare easier and more accessible to
low-income households.”
SurgePhone is a licensed wireless provider
capable of utilizing both the AT&T and T-Mobile nationwide
network infrastructure to provide data and voice direct to
consumers.
Preliminary revenues are estimates prior to the
completion of the Company’s financial closing procedures and review
procedures by its external auditors and, therefore, may be subject
to adjustment when the actual results are available.
For more information on SurgePays, please visit
the Company’s investor relations website at ir.surgepays.com.
About SurgePays, Inc.
SurgePays is a technology and telecommunications
company focused on the on underbanked and underserved. SurgePhone
wireless companies provide mobile broadband to low-income consumers
nationwide. SurgePays fintech platform utilizes a suite of
financial and prepaid products to convert corner stores and bodegas
into tech-hubs for underbanked neighborhoods. SurgePays is
aggressively cornering the underbanked market directly to the
consumer and in the stores where they shop. Please visit
www.SurgePays.com for more information.
About SurgePhone Wireless
SurgePhone, a wholly owned subsidiary of
SurgePays, is a wireless company licensed by the FCC to provide
subsidized mobile broadband services to consumers qualifying under
the federal guidelines of the Affordable Communication Program
(ACP). The ACP provides SurgePhone up to a $100 reimbursement for
the cost of each tablet distributed and a $30 per customer, per
month subsidy for providing internet connectivity to low-income
households. In August of 2021, SurgePhone received approval to
offer subsidized mobile broadband in these 14 states: in
California, Colorado, Florida, Illinois, Maryland, Mississippi,
Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island,
Tennessee, and Texas.
MZ ContactBrian M. Prenoveau,
CFAMZ Group – MZ North Americabrian.prenoveau@mzgroup.us+561 489
5315
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