T-Mobile Completes Acquisition of Mint Mobile

The $1.35 billion deal includes parent company Ka'ena Corporation and promises to maintain affordable plans.

T-Mobile has finalized its acquisition of Mint Mobile, a deal valued at $1.35 billion, which also includes the purchase of Ka'ena Corporation.
Ryan Reynolds, who owns about 25% of Mint Mobile, will continue as the brand's ambassador, with Mint founders joining T-Mobile's leadership.
Mint Mobile will retain its $15 per month plan for 5GB of data, requiring upfront payment for three months.
Customers of Mint and Ultra Mobile will benefit from T-Mobile's scam call screening and enhanced roaming options in Canada and Mexico.
Despite concerns over competition, the acquisition is seen as a strategic move by T-Mobile to strengthen its position in the prepaid market.