Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion.
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FILE – Ryan Reynolds arrives at the 36th annual American Cinematheque Awards, Nov. 17, 2022, at the Beverly Hilton Hotel in Beverly Hills, Calif.
T-Mobile’s purchase of Ka’ena Corp. will give it access the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum. The brands, which already use T-Mobile for their network, will be run as a separate business unit.
“I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile.” Reynolds said in a tweet. “Life is strange and I’m incredibly proud and grateful.”
The U.S. wireless carrier said Wednesday that it is acquiring the brands’ sales, marketing, digital and service operations. It plans to use its supplier relationships and distribution scale to help grow the brands and offer competitive pricing and greater device inventory to more U.S. consumers seeking low cost offerings.
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![T-Mobile Mint](https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/c/7d/c7db70e0-e9d7-5b4e-bca2-da559dc9f00d/64120922f08e4.image.jpg?resize=200%2C133 200w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/c/7d/c7db70e0-e9d7-5b4e-bca2-da559dc9f00d/64120922f08e4.image.jpg?resize=300%2C200 300w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/c/7d/c7db70e0-e9d7-5b4e-bca2-da559dc9f00d/64120922f08e4.image.jpg?resize=400%2C267 400w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/c/7d/c7db70e0-e9d7-5b4e-bca2-da559dc9f00d/64120922f08e4.image.jpg?resize=540%2C360 540w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/c/7d/c7db70e0-e9d7-5b4e-bca2-da559dc9f00d/64120922f08e4.image.jpg?resize=750%2C500 750w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/c/7d/c7db70e0-e9d7-5b4e-bca2-da559dc9f00d/64120922f08e4.image.jpg?resize=1024%2C683 1200w)
FILE – The T-Mobile logo is seen on a storefront, Oct. 14, 2022, in Boston.
T-Mobile US Inc. said Mint and Ultra Mobile are complementary to its existing prepaid services, Metro by T-Mobile, T-Mobile branded prepaid and Connect by T-Mobile.
T-Mobile CEO Mike Sievert said the company plans to give a boost to Mint’s already successful digital direct-to-consumer business.
“Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile,” Sievert said. “We think customers are really going to win with a more competitive and expansive Mint and Ultra.”
Mint founders David Glickman and Rizwan Kassim will stay on at T-Mobile after the transaction is complete to manage the brands. Reynolds, meanwhile, will remain in his creative role for Mint.
The actual price of the deal will depend on Ka’ena Corp.’s performance during certain periods before and after the closing. The transaction is targeted to close later this year.
T-Mobile, based in Bellevue, Washington, became one of the country’s largest cellphone service carriers in 2020 after buying rival Sprint.
Photos: CES goes to the dogs
![Gadget Show WowWee](https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=200%2C133 200w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=300%2C200 300w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=400%2C267 400w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=540%2C360 540w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=750%2C500 750w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=1200%2C800 1200w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/d/ef/def7cef8-ef3c-5e57-93e9-b0463be75644/63b85e6dd7e69.image.jpg?resize=1700%2C1133 1700w)
An exhibitor holds up a Dog-E smart, app-connected robot dog before the start of the CES tech show Wednesday in Las Vegas.
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A Dog-E smart, app-connected robot dog is on display at the WowWee booth before the start of the CES tech show Wednesday in Las Vegas.
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FluentPet dog communication buttons are on display before the start of the CES tech show Wednesday in Las Vegas.
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