SurgePays Launches Nationwide on AT&T Network with 250,000 SIMs Shipped | SURG Stock News

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Apr 24, 2025
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  • SurgePays (SURG, Financial) completes nationwide launch on AT&T network as a mobile virtual network operator (MVNO).
  • Over 250,000 SIM cards shipped, with an additional 500,000 on order to meet demand.
  • Integration into AT&T's network completed in under six months.

SurgePays, Inc. (SURG), a wireless and fintech company, announced the completion of its nationwide launch on the AT&T network as a mobile virtual network operator (MVNO). This milestone enables SurgePays to offer nationwide 4G LTE and 5G services under its LinkUp Mobile brand, marking significant expansion in its wireless services capabilities.

Following a multi-year MVNO agreement signed with AT&T in November 2024, SurgePays successfully completed the integration process by April 1, 2025, taking less than six months from contract execution to full network migration. This rapid execution is noteworthy in an industry where network integrations typically require extensive testing and validation periods.

SurgePays has already shipped over 250,000 SIM cards to customers and retail partners, with an additional 500,000 on order to meet growing demand. The company's operations are structured around three primary revenue channels: direct-to-consumer prepaid services via LinkUp Mobile, government-subsidized Lifeline mobile offerings, and MVNE infrastructure for wholesale partners without direct carrier agreements.

The AT&T partnership not only enhances SurgePays' direct-to-consumer services but also positions the company as a mobile virtual network enabler (MVNE), offering back-end telecom infrastructure to other mobile providers. This strategic move is poised to generate high-margin recurring revenue and expands SurgePays' footprint across both retail and wholesale wireless channels.

SurgePays is committed to scaling its services while maintaining strategic inventory allocation to long-term channel relationships and onboarding new wholesale clients, indicating strong initial market response. This development represents a significant transformation for SurgePays from a simple reseller to a comprehensive MVNO/MVNE provider.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.