T-Mobile to Buy Mint Mobile , From Ryan Reynolds.
CNN reports that T-Mobile made the announcement on March 15.
The $1.35 billion deal includes Mint Mobile's parent company, Ka'ena Corporation, international calling service Ultra Mobile and Plum, a wireless wholesaler.
Reynolds will retain his "creative role on behalf of Mint," according to a press release.
Mint Mobile debuted in 2016 with the intention of providing an "affordable, premium wireless" service.
Reynolds bought a minority ownership stake in 2019.
At the time, he said he was "excited to champion a more practical approach to the most essential technology.".
Reynolds took to Twitter to announce the deal with T-Mobile, saying, "I only want the best for Mint Mobile customers.
Think I've found it.".
CNN reports that T-Mobile hopes the acquisition will bolster its own prepaid services.
CEO Mike Sievert said Mint's pricing plan of $15 a month will be kept.
Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile, Mike Sievert, T-Mobile CEO, via YouTube video
