T-Mobile announces Mint Mobile and Ultra Mobile acquisition

Michail, 15 March 2023

T-Mobile is acquiring Ka’ena Corporation – the company behind MVNO carriers Mint Mobile and Ultra Mobile in a deal reportedly worth $1.35 billion. The deal will include a 39% cash payment and 61% stock. The transaction will depend on Ka’ena Corporation’s performance in the coming months as well as other contractual reserves and is expected to close later this year.

T-Mobile announces Mint Mobile and Ultra Mobile acquisition

T-Mobile is acquiring Mint and Ultra Mobile’s sales, marketing, digital, and service departments as well as wholesale wireless solutions provider Plum. The plan is to enhance both MVNOs via T-Mobile’s established supplier and distribution scale and help grow the competitively priced segment to more US consumers. Mint's popular $15 monthly plan will be retained.

Based on the press release provided by T-Mobile, Mint Mobile will continue to operate as separate business unit going forward. Founders David Glickman and Rizwan Kassim will join T-Mobile as brand managers while part-owner Ryan Reynolds will retain his role as creative director for Mint Mobile.

Mint has built an incredibly successful digital direct-to-consumer business that continues to deliver for customers on the Un-carrier’s leading 5G network and now we are excited to use our scale and owners' economics to help supercharge it and Ultra Mobile into the future. - T-Mobile CEO Mike Sievert

Here’s a video with T-Mobile CEO Mike Sievert and Mint Mobile owner Ryan Reynolds that shares more details on the deal.

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Reader comments

  • Cs
  • 18 Mar 2023
  • AAq

wait til the slow down the $15 plan and force everyone is pay higher price.

  • zanezonair
  • 17 Mar 2023
  • pk6

Mint mobile is actually Canadian. 15$ 4gb a month for the one year plan 20$ 4gb for 6 months 25$ 4gb for 3 months. Although with t mobile buying them out. (Thanks mint for killing your fan base with one move very professional.) It's only g...

  • KMB877
  • 17 Mar 2023
  • SYq

Ultramobile: $27 with 6 GB and unlimited international calls included (about 80 countries)! So, this sale deal it's bad!

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