Telecom giant T-Mobile is set to buy Ka’ena Corporation, the owner of budget prepaid wireless provider Mint Mobile, in which actor Ryan Reynolds currently holds a minority ownership stake.
The mobile giant announced in a March 15 statement that it had entered into a definitive agreement to acquire Ka’ena Corp. and its subsidiaries and brands including Mint Mobile, for up to $1.35 billion.
It will also acquire international wireless service Ultra Mobile and wholesaler Plum as part of the agreement.
The deal will see T-Mobile take on the brand’s sales, marketing, digital, and service operations, and help it to reach a larger share of the pay-as-you-go customer base, whose numbers are expected to surge amid the increasing cost of living and hefty monthly bills….