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Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 Billion Bloomberg Technology

T-Mobile is acquiring Mint Mobile, the budget wireless provider partly owned by actor Ryan Reynolds, for as much as $1.35 billion in cash and stock to bolster its prepaid phone business.

1 min read
  • T-Mobile is buying budget wireless provider Mint Mobile for up to $1.35 billion, partly owned by actor Ryan Reynolds.
  • The deal aims to bolster T-Mobile's prepaid phone business and reach more lower-income customers.
  • Mint offers some of the country's lowest priced mobile plans, starting at $15 a month for 4 gigabytes of wireless data.
  • Reynolds will continue to make commercial appearances on the company's behalf, and co-founders will join T-Mobile to manage the business.
  • The deal may boost T-Mobile's customer count by 2 million users.
Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 Billion Bloomberg Technology
T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider partly owned by actor Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers.
BloombergScott Moritz

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