---
title: "SurgePays amends Tier 1 wholesale carrier deal, removes USD 50 million minimum spend commitment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291461632.md"
description: "SurgePays amended its Tier 1 wholesale carrier agreement, removing a USD 50 million minimum spend commitment and eliminating related contingent liabilities. The provider adjusted non-usage charges, reducing accounts payable by approximately USD 10.3 million. SurgePays expects to record an USD 8.5 million gain tied to prior expenses, positively impacting net results and equity upon the modification's effective date."
datetime: "2026-07-01T20:51:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291461632.md)
  - [en](https://longbridge.com/en/news/291461632.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291461632.md)
generator: "portal-rs"
---

# SurgePays amends Tier 1 wholesale carrier deal, removes USD 50 million minimum spend commitment

-   SurgePays amended a wholesale wireless carrier agreement with a Tier 1 network provider, shifting to updated wholesale pricing intended to lower subscriber acquisition costs and recurring network costs. \* The change removes minimum purchase commitments totaling USD 50 million over the initial three-year term, eliminating a related contingent liability. \* The provider also adjusted previously invoiced non-usage charges, cutting accounts payable by about USD 10.3 million. \* SurgePays expects to record a gain of about USD 8.5 million tied to expenses previously reported for the three months ended March 31, 2026, lifting net results and equity when the modification takes effect. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surgepays Inc. published the original content used to generate this news brief on July 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**