T-Mobile on Wednesday announced its plans to acquire Ka’ena Corporation, which owns Mint Mobile, Ultra Mobile, and Plum.
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This $1.35 billion deal will give T-Mobile another prepaid wireless brand and international calling capabilities.
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Mint Mobile began in 2016 and has become increasingly popular in recent years as consumers look for cheaper alternatives.
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The company offers premium wireless plans starting at just $15 per month, and an unlimited plan for only $30 per month.
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T-Mobile has announced that Mint's pricing will remain unchanged after the acquisition.
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Mr. Reynolds said he was most excited that T-Mobile could scale Mint to reach more people.Mr. Reynolds will continue in his creative role for the brand.
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The acquisition is expected to be finalized later this year.