‘Proud’ partner Ryan Reynolds sells Mint Mobile to T-Mobile in a deal worth more than £1bn | business news
Low-cost mobile operator Mint Mobile, part-owned by actor Ryan Reynolds, is to be acquired by T-Mobile in a cash and stock deal valued at up to $1.35bn (£1.1bn).
T-Mobile has bought Ka’ena Corp, giving it access to Mint along with Ultra Mobile and wholesaler Plum.
The brands already use T-Mobile for their network, but are managed as separate business units.
Reynolds46, tweeted: “I never dreamed of owning a cell phone company and I certainly never dreamed of selling it to T-Mobile.
“Life is strange and I am incredibly proud and grateful.”
The Deadpool actor and co-owner of Wrexham AFC also shared a video in which he appears alongside T-Mobile CEO Mike Sievert.
Mr. Sievert told Reynolds, “We are delighted that you and the entire Mint team are joining the T-Mobile family.”
Reynolds joked, “Ha! Well, I wouldn’t call it family, Mike.
“Family is a place for misguided hopes and dreams.
“I hope this will be a lot better than that.”
He added, “I am absolutely thrilled with every aspect of this new venture.”
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T-Mobile will acquire the brands’ sales, marketing, digital and service activities.
It plans to expand brands and offer US consumers competitive prices and a larger inventory of devices.
Reynolds will remain at Mint in a creative role.
Mr Sievert said the company plans to boost Mint’s already thriving direct-to-consumer digital business.
“Longer term, we will also benefit from applying the marketing formula that Mint has become famous for to more parts of T-Mobile,” said Mr. Sievert.
“We believe customers will truly win with a more competitive and expansive Mint and Ultra.”
Reynolds and his Hollywood colleague Rob McElhenney – best known for his role in the comedy series It’s Always Sunny in Philadelphia – took control of Wrexham AFC in February 2021who is investing £2million in a takeover deal.
Reynolds described the Red Dragons takeover as the “Roll of Life”.
Last November, he and McElhenney were presented with a prestigious Dragon Award at a star-studded gala to honor their work Promoting Wales and the Welsh language around the world.
A month later, the couple met as part of King Charles and the Queen Consort a royal visit to Wrexham to celebrate its new status as a city.
The King praised the football club for “putting Wrexham on the map”, while the Queen Consort described the club’s history as “extraordinary”.