T-Mobile Closes Mint & Ultra Mobile Acquisition

T-Mobile Closes Mint & Ultra Mobile Acquisition

T-Mobile US Inc. has completed its acquisition of Ka’ena Corporation, which includes Mint Mobile, Ultra Mobile, and a wholesale wireless solutions provider.

T-Mobile had previously agreed to pay a maximum of $1.35 billion for this acquisition, with a mix of cash (39%) and stock (61%), depending on Ka’ena’s performance before and after the deal.

After the acquisition, Mint Mobile’s founders, David Glickman, and Rizwan Kassim, along with their teams, became part of T-Mobile.

Despite this Acquisition, Mint Mobile and the other brands will continue to operate independently.

To welcome Mint and Ultra customers, T-Mobile is offering them some special perks and new deals as part of Team T-Mobile.

This deal secures Mint and Ultra’s access to T-Mobile’s top-notch 5G network for the future.

It also allows them to utilize T-Mobile’s resources and reach to bring their popular products and simple experiences to more prepaid customers across the U.S.

T-Mobile will also benefit from Mint’s effective direct-to-consumer marketing strategy, which has contributed to its wireless success.

President of Marketing, Strategy, and Products at T-Mobile Mike Katz said, “This combination is a win-win all around—a perfect pairing of highly complementary brands coming together on our industry-best 5G network to continue shaking things up for the benefit of customers.”

T-Mobile Closes Mint and Ultra Mobile Acquisition
T-Mobile Closes Mint and Ultra Mobile Acquisition

“We are excited to maintain the unique style and entrepreneurial spirit that make Mint and Ultra truly special while also finding ways to supercharge their growth and leverage some of the secrets of that success into other areas of our business,” he further added.

In a prepared statement, David Glickman, the Founder and CEO of Mint, Ultra, and Plum, said , “In partnership with T-Mobile, we have delivered the best value in wireless to our customers,”

“From day one, we have been committed to putting the customer first, and T-Mobile deeply shares that commitment.”

“The completion of this acquisition sets the stage for even more customer wins as we continue to innovate and leverage the largest and fastest 5G network.”

The actor and part-owner of Mint, Ryan Reynolds said, “I am so proud of the entire Mint Mobile team. Even Gary from Finance, who’s been a real stickler over the years.”

He further added, “We’ve been able to rapidly grow this brand by putting customers and value first while being unafraid to act quickly and take chances. T-Mobile is the best partner to help us supercharge Mint and we’re grateful for their partnership.”

A glance at the welcome mat:

  • $15 Commitment: Mint Mobile will continue to offer a $15/month plan for both new and existing customers. Additionally, new customers can enjoy 3 months of Unlimited Premium Wireless for $15/month until the end of the year.
  • Scam Screener: Soon, Mint and Ultra customers will benefit from a Scam Screener feature that flags suspicious calls as “Scam Likely” on their phone’s caller ID, providing extra peace of mind.
  • Free Canada Roaming: Mint Mobile customers will soon have unlimited talk and text, along with 3GB of high-speed data, while in Canada at no extra cost.
  • Mexico Roaming: Ultra customers traveling to Mexico will soon have an enhanced data roaming option, in addition to the talk and text already included on most plans, providing added convenience during their travels.

For more related news, follow World-wire.

About the author

Ivan Sawyer

Ivan Sawyer is an acclaimed author at World-Wire, known for his insightful 'How-to' guides and practical tips. With a degree in Journalism, Ivan excels in simplifying complex topics for readers. His well-structured guides empower readers to make informed decisions. Recognized with awards like "Best Content Creator in Practical Guides" in 2022, Ivan is a trusted source of practical advice.

Add Comment

Click here to post a comment