T-Mobile to Acquire Mint Mobile Parent Company in Billion Dollar Deal

T-Mobile announced its acquisition of Ka’ena Corporation, the parent company of Mint Mobile, in a deal valued up to $1.35 billion. This transaction included a mix of 39% cash and 61% stock, aligning with T-Mobile’s strategy to diversify its offerings and bolster its presence in the prepaid wireless market. Mint Mobile, known for its cost-effective mobile plans and disruptive business model, had gained traction particularly due to its affordability and strong marketing campaigns spearheaded by actor and part-owner Ryan Reynolds. This move by T-Mobile aimed to leverage Mint Mobile's popularity while providing enhanced value through its robust 5G network infrastructure. By acquiring Ka’ena Corporation, T-Mobile also incorporated Ultra Mobile, which focuses on international calling plans, and wholesaler Plum into its operations. T-Mobile indicated that Mint Mobile founders would remain on board, ensuring continuity in the brand’s innovative approach. Ryan Reynolds expressed optimism about the acquisition, e