SurgePays Establishes Strategic Agreement with AT&T

Core Insights - SurgePays has entered into a multi-year agreement with AT&T to provide a full range of mobile wireless, voice, data, and messaging services, leveraging AT&T's extensive network coverage [1][2] - The collaboration is expected to be transformative for SurgePays, allowing the company to offer reliable 4G LTE and 5G services and expand into underserved and rural communities [2][3] - SurgePays aims to capture a significant market segment by providing affordable prepaid wireless and financial products through its network of convenience stores and bodegas [3][4] Company Strategy - The agreement with AT&T enables SurgePays to empower other companies to offer high-quality MVNO wireless services, creating new business opportunities [3] - SurgePays has appointed Joseph Gomez as vice president of MVNO Operations to drive its MVNO strategy and focus on market share growth [4] Market Position - SurgePays targets underserved communities by utilizing convenience stores and neighborhood locations to ensure product accessibility [3][4] - The company’s ownership of the transaction platform for processing, activations, and top-ups allows it to offer lower prices, enhancing its competitive position in the market [3]