Surge Holdings, Inc. completed the acquisition of 40% stake in Centercom Global, S.A. de C.V for 0.18 million.
January 16, 2019
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Surge Holdings, Inc. (OTCPK:SURG) entered into an agreement to acquire 40% stake in Centercom Global, S.A. de C.V on December 27, 2018. The agreement calls for a cashless share exchange of Centercom Global equity stock and Surge Holdings' restricted class stock. The transaction is expected to close in January 2019.
Surge Holdings, Inc. (OTCPK:SURG) completed the acquisition of 40% stake in Centercom Global, S.A. de C.V for 0.18 million on January 17, 2019. Surge Holdings issued 0.072 million shares of Preferred C stock, convertible into 18,000,000 shares of common stock.
SurgePays, Inc. is a technology and telecommunications company, which is focused on the underbanked and underserved communities. The Company provides mobile broadband to low-income consumers nationwide. Its segments include Mobile Virtual Network Operators, Comprehensive Platform Services and Lead Generation. Mobile Virtual Network Operators segment provides mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through its subsidiaries, SurgePhone Wireless, LLC and Torch Wireless, LLC. Comprehensive Platform Services segment provides financial technology and a wireless top-up platform to independently owned convenience stores throughout the country via its subsidiaries, SurgePays Fintech, ECS Prepaid, LLC, Electronic Check Services, Inc. and Central States Legal Services, Inc. Lead Generation segment provides lead generation and case management solutions, primarily to the law firms in the mass tort industry.