11:05 AM EDT, 10/10/2024 (MT Newswires) -- SurgePays ( SURG ) said Thursday that it signed a master services agreement with wireless service provider and licensed Lifeline provider TerraCom, allowing SurgePays ( SURG ) to offer Lifeline to its affordable connectivity program, or ACP, subscribers.

SurgePays ( SURG ) also agreed to finalize a stock purchase agreement to acquire a majority stake in TerraCom, according to the statement. No further details were disclosed.

The company said Lifeline is a government-subsidized program with reimbursements of $9.25 to $34.25 per month, depending on the state.

Apart from its strategy of offering this program, SurgePays ( SURG ) said it is also ramping up sales efforts for other offerings and is pursuing other growth channels.

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