The password you reset was successful; however, Microsoft security policies still require MFA before the account can be used, which is why the system continues to prompt for verification even after you changed your password. Since the original phone with the Microsoft Authenticator app is lost and the SMS option is also failing, the only way to regain access is to have your MFA methods reset.
Because you are unable to sign in, the standard Support portal will not work. To proceed, please use Microsoft 365’s unauthenticated support request form which does not require logging in: https://admin.microsoft.com/AdminPortal/Home#/support/unauthenticated and choose**“I can’t sign in”** and you will be able to open a support case without MFA. A Microsoft Support agent will then verify your identity through alternate methods and initiate a secure MFA reset for your admin account.
If your tenant has another Global Administrator, they can also reset your MFA settings immediately from the Entra Admin Center, this remains the fastest option.
Thanks