Core Viewpoint - SurgePays, Inc. is set to release its second quarter 2025 financial results on August 13, 2025, followed by a conference call to discuss these results [1] Company Overview - SurgePays, Inc. operates as a wireless, fintech, and point-of-sale technology company, focusing on providing mobile connectivity and financial services to underserved communities [3] - The company functions as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), managing its own wireless brand and offering back-end infrastructure to other wireless providers [3] - SurgePays has developed a proprietary point-of-sale platform utilized in thousands of retail locations across the nation, facilitating SIM activations, top-ups, and digital financial services [3] - The company is positioned for growth in both retail and wholesale wireless channels, indicating a scalable business model [3]

Core Viewpoint - T-Mobile US is positioned as a strong investment opportunity due to its subscription-based business model, which allows for accurate financial forecasting and reduced stock price volatility amidst market fluctuations [1][3]. Group 1: Company Performance - T-Mobile US has demonstrated significant growth, with a net addition of 454,000 5G broadband subscribers, enhancing its market share in wireless technology [7]. - The company reported a free cash flow of $4.6 billion, with an industry-leading margin of 26%, which supports reinvestment in expansion initiatives and shareholder benefits [8][9]. - Over the past 12 months, T-Mobile's stock has rallied by up to 41.3%, trading at 90% of its 52-week high levels, indicating strong market performance [9]. Group 2: Analyst Ratings and Forecasts - Analysts have responded positively to T-Mobile's earnings, with Morgan Stanley reiterating an Overweight rating and raising the price target to $285 per share [10]. - The 12-month stock price forecast for T-Mobile is $256.31, representing a potential upside of 5.24%, with a moderate buy rating based on 25 analyst ratings [11]. - The stock's current P/E ratio stands at 23.3x, significantly higher than the wireless industry average of 10.4x, reflecting investor confidence in T-Mobile's ability to outperform its peers [14]. Group 3: Investment Sentiment - Institutional investors, such as Mirae Asset Global Investments, have increased their stake in T-Mobile by 6.1%, indicating strong confidence in the company's growth potential [13]. - The market's willingness to assign a higher valuation to T-Mobile suggests that investors believe in its long-term performance and competitive advantage in the industry [14].

Financial Performance - T-Mobile exceeded expectations for both revenue and earnings [1] - The company raised its full-year customer and financial guidance [1] - T-Mobile achieved an all-time record Q2 for post-paid net additions and post-paid phone net additions [2] Strategic Initiatives & Partnerships - T-Mobile's guidance reflects the inclusion of Metronet [3] - T-Mobile has partnered with Comcast and Charter to provide wireless services to small and medium business customers starting in 2026 [4][5] - The partnership with cable companies is expected to be highly incremental [6] - T-Mobile's primary focus remains on the smallest businesses, where it already competes with cable [6] Customer Base & Churn - T-Mobile saw a healthy prepaid business, net of migration from prepaid to postpaid [7] - T-Mobile customers are the best paying in the industry, with the lowest post-paid bad debt as a percentage of total revenues among major competitors [8] Leadership & Succession - T-Mobile recruited Serini Gopalin as part of its long-term succession plan [9]

Subscriber Growth - T-Mobile, the nation's second-largest wireless provider, reported more new subscribers than analysts were expecting in the second quarter [1] - The subscriber growth overcame a sluggish start to the year [1]

Financial Data and Key Metrics Changes - In Q2 2025, consolidated service revenue and adjusted EBITDA both grew by 2% year-over-year [9][22] - Wireless service revenue and adjusted EBITDA each increased by 1% [19] - Cable service revenue and adjusted EBITDA rose by 13% respectively, marking a return to growth in this segment [10][20] - Media revenue increased by 10%, driven by strong viewership during the NHL playoffs [10][21] - Free cash flow reached $925 million, up 39% year-over-year [23] Business Line Data and Key Metrics Changes - Wireless segment saw 61,000 total subscriber net additions, including 35,000 postpaid [19] - Cable business reported a 1% increase in service revenue, supported by retail internet net additions of 26,000 [20] - Media segment revenue was boosted by the success of Sportsnet and higher revenues from the Toronto Blue Jays [21] Market Data and Key Metrics Changes - The wireless market is expected to grow about 3% for the full year, with Q2 growth estimated at around 2.5% [54] - The competitive environment remains intense, impacting ARPU, which declined by 3% year-over-year [19][56] Company Strategy and Development Direction - The company is focused on deleveraging, having achieved a leverage ratio of 3.6 times, close to pre-Shaw acquisition levels [8][26] - Plans to monetize sports and media assets are underway, with a focus on unlocking unrecognized value for shareholders [7][42] - The company aims to maintain an investment-grade balance sheet while investing in growth [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth in cable and maintaining strong performance in wireless and media [6][8] - The company highlighted the importance of government leadership in fostering a competitive environment and supporting capital investments [15][17] - Future guidance for 2025 has been updated to reflect the consolidation of MLSE, with service revenue expected to grow by 3% to 5% [28] Other Important Information - The company completed a $7 billion equity investment for a minority stake in parts of its wireless network [7] - The integration of MLSE's financial results will begin in Q3 2025, with estimated full-year media revenue of $3.9 billion [27] Q&A Session Summary Question: Update on 2025 guidance and core telecom outlook - Management confirmed that the updated guidance reflects the inclusion of MLSE, with no significant changes to the core telecom outlook [33] Question: Performance expectations for MLSE in 2025 - Management indicated that the pro forma figures for MLSE are a clean aggregation and do not include aggressive synergies [36] Question: Competitive environment in wireless and back-to-school season - Management noted that the wireless market is expected to grow about 3%, with ongoing efforts to simplify the value proposition [54][56] Question: Impact of roaming on service revenue - Management acknowledged that roaming has been a headwind but expects travel to pick up, which could positively impact service revenue [61] Question: Longer-term CapEx profile and cable CapEx reduction - Management stated that while they won't provide specific numbers, they intend to drive lower capital intensity within cable [105] Question: Multi-line discounts and ARPU impact - Management explained that while multi-line discounts may dilute ARPU, they are expected to generate incremental service revenue [115] Question: Synergies related to the MLSE deal - Management indicated that it is too early to discuss specific synergies but emphasized their track record in identifying material synergies [116]

Core Viewpoint - SurgePays, Inc. is actively engaging with investors through a fireside chat hosted by Water Tower Research, focusing on its business model and market opportunities in the wireless and fintech sectors [1][2]. Company Overview - SurgePays, Inc. operates as a wireless, fintech, and point-of-sale technology company, targeting underserved communities with mobile connectivity and financial services [4]. - The company functions as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), providing its own wireless brand and backend infrastructure to other providers [4]. Event Details - The fireside chat will take place on July 29, 2025, at 11:00 am Eastern Time, and is open to all investors [2]. - Topics to be discussed include SurgePays' addressable market, subscriber growth, profitability timeline, and outlook for 2025 and 2026 [7]. Leadership Background - John Roy, the host of the event, has extensive experience in technology stock analysis, having worked at UBS and Merrill Lynch, among others [3].

Financial Performance - America Movil's net income missed analyst estimates [1] Subscriber Trends - Prepaid subscriber disconnections reached more than 1 million in the quarter [1]

Core Insights - SurgePays, Inc. will participate as a gold sponsor in the All Wireless and Prepaid Expo, showcasing its innovative products and services [1][2] Product Offerings - SurgePays will introduce its "phone-in-a-box" prepaid service smartphones, designed for convenience stores and non-wireless retail channels, operating on the AT&T network [3] - Each smartphone comes preloaded with a SIM card, offering the first month of prepaid service with 12 gigabytes of domestic data and unlimited voice and text within the U.S., Canada, and Mexico [4] - The ClearLine business unit will demonstrate its point-of-sale apps, which facilitate in-store marketing campaigns, loyalty program enrollment, and customer engagement through NFC and QR codes [5] Marketing Initiatives - SurgePays will distribute samples of its ClearLine NFC Card, a digital smartcard that allows users to share their digital profiles easily without needing an app [6] - A workshop titled "Real-Time Marketing Magic - Engaging Customers at the Moment of Impact" will be conducted by SurgePays' VP of Product, focusing on strategies to engage customers effectively [7] Company Overview - SurgePays, Inc. is a wireless, fintech, and point-of-sale company that aims to provide mobile connectivity and financial services to underserved communities, operating as both a mobile virtual network operator (MVNO) and mobile virtual network enabler (MVNE) [9]

Regulatory Approval - The Federal Communications Commission (FCC) cleared T-Mobile US Inc's acquisition of a significant portion of US Cellular Corp's wireless business [1] - The acquisition also includes some of US Cellular Corp's network infrastructure [1]

Company Overview & Strategy - Verizon was created 25 years ago through the merger of Bell Atlantic and GTE, now a major wireless and broadband provider in the US [1] - The name "Verizon" combines "veritas" (truth) and "horizon" (looking forward), chosen because all common words were already taken [3] - Verizon is focused on fiberizing everything from data centers to the network edge, harmonizing it, and providing redundancy, then deciding on the access technology (4G, 5G, fiber, fixed wireless) at the edge based on customer needs [13] Competition & Market Dynamics - Wireless companies are rolling out 5G fixed wireless, competing with broadband, leading to competition and promotional pricing [5] - Satellite business is seen as mostly complementary, serving very rural areas and specific use cases like vessels, but not suitable for dense cities [9][10] - Verizon faces different competitors in different segments, including fiber, fixed wireless access, wireless for government, and consumer postpaid/prepaid [19] Investment & Infrastructure - Since the current CEO took over, Verizon has invested over $200 billion in the United States [6] - Verizon is currently building roughly 650,000 new fiber passings a year, with plans to increase this number after the pending acquisition of Frontier [15] - Verizon has been investing 18 to 185 billion dollars in the network every year [15] Customer Acquisition & Retention - Verizon lost 289,000 postpaid phone customers in the first quarter, matching the worst quarter on record, attributed to a slower quarter and price increases [16] - The prepaid business performed exceptionally well in the first quarter, balancing the postpaid losses [17][18] - Verizon focuses on acquiring profitable customers across all segments, aiming to maintain its number one position in all wireless segments [17][18] Global Business - Regulation prevents the consumer and wireless business from being truly global due to a lack of synergies between companies across the globe [22] - For business customers, large enterprises want one provider globally for private IP networks, which Verizon can provide through assets and partners [23]