SurgePays amends wholesale carrier deal, cuts $50M minimum commitment
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SurgePays Restructures Wholesale Carrier Agreement to Support Profitable Wireless Subscriber Growth
July 1, 2026 4:29 PM EDTAmendment Modernizes Commercial Terms, Lowers Future Subscriber Costs, and Strengthens the Companys Balance Sheet
BARTLETT, Tenn., July 01, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG) (SurgePays or the Company), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today announced an amended agreement with one of its Tier 1 wholesale wireless network providers. The amendment modernizes the Company's wholesale pricing structure, enhances the economics of subscriber growth, and strengthens the Companys financial position.
Going forward, the amendment is expected to reduce both customer acquisition and... More
