Ryan Reynolds' Mint Mobile sold in $1.3B deal to T-Mobile
The 'Deadpool' star became an owner of Mint Mobile in November 2019
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Mint Mobile, the prepaid wireless provider partially owned by Ryan Reynolds, has been bought by T-Mobile US Inc. for $1.3 billion.
T-Mobile’s purchase of Ka’ena Corp. will give it access to 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.
The actor announced the news on Twitter Wednesday, sharing that he only wants "the best for Mint Mobile customers."
Ryan Reynolds' Mint Mobile sold to T-Mobile for $1.3 billion. (Getty Images / Getty Images)
He added that he thinks he's "found it" after the sale to the second-largest mobile service provider.
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"I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile. Life is strange and I’m incredibly proud and grateful. #MintMobile," Reynolds tweeted.
Reynolds will retain his role in the company along with Mint founders David Glickman and Rizwan Kassim, who are keeping their positions at T-Mobile after the companies merge.
The actor was brought on as a partial owner of Mint Mobile in November 2019. He announced the news on Instagram, joking that "to keep things above board, I’ll be paying myself $15 a month."
T-Mobile announced Wednesday the company is acquiring Mint's sales, marketing, digital and service operations. The transaction is on target to close later this year.
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The wireless carrier's CEO, Mike Sievert, said the company plans to give a boost to Mint’s already successful digital direct-to-consumer business.
Mike Sievert, president and chief executive officer for T-Mobile (Al Drago/Bloomberg / Getty Images)
"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."
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In 2020, T-Mobile became the second-largest mobile carrier after purchasing rival provider Sprint.
The Associated Press contributed to this report.