T-Mobile Finalizes Acquisition of Ryan Reynolds-Backed Mint Mobile
T-Mobile has officially completed its acquisition of Mint Mobile for up to $1.35 billion. With the purchase of parent company Ka'ena Corporation, T-Mobile not only acquires Mint Mobile but also Ultra Mobile, an internationally focused prepaid operator, and Plum, a wholesale wireless provider. T-Mobile has committed to maintaining Mint Mobile's $15 per month 5GB plan, which remains one of the most affordable options in the U.S.

T-Mobile has officially completed its acquisition of Mint Mobile for up to $1.35 billion. With the purchase of parent company Ka'ena Corporation, T-Mobile not only acquires Mint Mobile but also Ultra Mobile, an internationally focused prepaid operator, and Plum, a wholesale wireless provider. T-Mobile has committed to maintaining Mint Mobile's $15 per month 5GB plan, which remains one of the most affordable options in the U.S.
Ryan Reynolds, who owns an estimated 20 to 25 percent of Mint Mobile, will continue to be involved with the brand as a spokesperson. The deal, initially announced in March 2023, received approval from the FCC just last week. Mint Mobile will continue operating as a separate brand, with its founders David Glickman and Rizwan Kassim joining T-Mobile to help guide the brand's future direction.
Mint Mobile's $15 plan comes with some conditions: customers must pay for three months upfront to get that rate and then commit to a full year to maintain it, totaling $180. As a perk, T-Mobile is offering "unlimited" data (which is actually 40GB before throttling) for the first months. Customers will also receive unlimited talk and text in Canada, along with 3GB of roaming data.
Mint Mobile's competitors include T-Mobile itself, which offers a similar plan but with a hard cap at 5GB, and AT&T, which provides 15GB for $25, including 10GB of hotspot data. Both plans require a one-year contract and upfront payment.
T-Mobile's acquisition marks a significant move in the telecommunications market, positioning the company to offer more competitive and flexible data plans. With T-Mobile's extensive network, Mint Mobile aims to reach a broader audience. This merger enhances both companies' ability to provide better services to their existing and potential customers.
In conclusion, T-Mobile's purchase of Mint Mobile represents a noteworthy consolidation in the telecom industry. This move not only expands T-Mobile's market share but also reinforces its strategy of offering affordable and attractive data plans. Ryan Reynolds and Mint Mobile's founders will continue to play strategic roles in maintaining the brand's success in this new phase.