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home / news releases / VZ - SurgePays: Taking To 'Neutral' Given ACP Uncertainty (Downgrade)

VZ - SurgePays: Taking To 'Neutral' Given ACP Uncertainty (Downgrade)

Verizon Communications Inc.

2024-03-07 14:34:57 ET

Summary

  • SurgePays heavily relies on the Affordable Connectivity Program, which is set to end soon, posing a major risk to the company.
  • Congress has introduced the Affordable Connectivity Program Extension Act to keep the program going, but its passage is uncertain.
  • The potential end of the ACP program adds significant risk to SurgePays, impacting its customer base and future growth prospects.

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For further details see:

SurgePays: Taking To 'Neutral' Given ACP Uncertainty (Downgrade)
Stock Information
Company Name: Verizon Communications Inc.
Stock Symbol: VZ
Market: NYSE
Website: verizon.com
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