T-Mobile set to buy Mint mobile according to rumors. Remember, mint mobile is owned by Ryan Reynolds and it soon could be part of T-Mobile if anything about the rumor is true.
T-Mobile Set To Buy Mint Mobile According To Rumors
Mint Mobile is a prepaid carrier that is partly owned by actor Ryan Reynolds and it soon could be sold. The company at the moment is in talks to be acquired by T-Mobile according to reports by Bloomberg.
In recent years, the budget provider has made a name for itself with ads featuring Ryan pitching Mint as a more affordable choice to bigger telecom companies such as AT&T, T-Mobile, and Verizon. Mint Mobile which is a division of Ultra Mobile has for a long time now been rumored to be up for sale.
Mint Mobile Does Not Run Its Own 4G LTE Or 5G Service
And while Mint Mobile pitches itself as a rival to bigger wireless companies, it however does not run its very own 4G LTE or 5G service instead, it is an MVNO that operates on T-Mobiles network. The fact that Mint already is making use of T-Mobile could help with the transition or transfer of customers a bit easier.
It is not clear whether Ultra Mode will be sold alongside Mint, or whether T-Mobile is just interested in Mint alone. It is still also unclear as to whether the Mint Mobile band will continue or if rather it would be folded into other brands owned by T-Mobile such as Metro by T-Mobile.
Reynolds Became Part Owner of the Company In 2019
In 2019, Reynolds became part owner of the company and has since then promoted the company via ads he has starred in as well as social media posts from his own 21 million followers on Twitter and 47 followers on Instagram accounts as pointed out by Bloomberg. And as of this writing, the actor owns about one-fourth of Mint Mobile.
Verizon Acquired Tracfone for $6 Billion In 2021
The last notable prepaid band acquisition was Tracfone which was acquired by Verizon for $6 Billion back in 2021. The carrier at the time launched its very own prepaid brand known as Total by Verizon in September 2022 to directly take on similar prepaid brands Metro by T-Mobile and then AT&T’s Cricket Wireless.