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.
T-Mobile91裸聊视频檚 purchase of Ka91裸聊视频檈na 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.
91裸聊视频淚 never dreamt I91裸聊视频檇 own a wireless company and I certainly never dreamt I91裸聊视频檇 sell it to T-Mobile.91裸聊视频� Reynolds said in a tweet. 91裸聊视频淟ife is strange and I91裸聊视频檓 incredibly proud and grateful.91裸聊视频�
The U.S. wireless carrier said Wednesday that it is acquiring the brands91裸聊视频� 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.
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 Mint91裸聊视频檚 already successful digital direct-to-consumer business.
91裸聊视频淥ver the long-term, we91裸聊视频檒l also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile,91裸聊视频� Sievert said. 91裸聊视频淲e think customers are really going to win with a more competitive and expansive Mint and Ultra.91裸聊视频�
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 Ka91裸聊视频檈na Corp.91裸聊视频檚 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 country91裸聊视频檚 largest cellphone service carriers in 2020 after buying rival Sprint.
By Michelle Chapman
THE ASSOCIATED PRESS
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