‘Proud’ part-owner Ryan Reynolds sells Mint Mobile to T-Mobile for over £1bn | Business News

Budget wireless provider Mint Mobile, partly owned by actor Ryan Reynolds, is being bought by T-Mobile as part of a cash and stock deal worth up to $1.35bn (£1.1bn).

T-Mobile bought Ka’ena Corp, allowing it to use Mint with Ultra Mobile and wholesaler Plum.

The brands already use T-Mobile in their network, but will operate as a separate business unit.

Reynolds46, tweeted: “I never dreamed I’d own a wireless company and I certainly never dreamed I’d sell it to T-Mobile.

“Life is weird and I’m 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.

“We are delighted to have you and the entire Mint team joining the T-Mobile family,” Mr Sievert told Reynolds.

Reynolds joked: “Ha! Well, Mike, I wouldn’t call it family.

“Family is the place of misguided hopes and dreams.

“I hope this will be much better than that.”

“I’m very excited about every aspect of this new venture,” he added.

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T-Mobile is acquiring the sales, marketing, digital and services businesses of these brands.

It plans to try to grow the brand and offer U.S. consumers competitive prices and greater inventory of the device.

Reynolds will remain with the Mint in a creative role.

Ryan Reynolds (left), in a file photo dated 28-05-2022, has called for games to be broadcast live as long as clubs and fans support the idea. Release date: Tuesday, August 30, 2022. Image: PA
Ryan Reynolds (Ryan Reynolds) and Rob McElhenney (Rob McElhenney) photo last May

Mr Sievert said the company planned to boost Mint’s already thriving direct-to-consumer digital business.

“In the long run, we will also benefit from applying the marketing formula that Mint is known for being in more parts of T-Mobile,” Mr Sievert said.

“We think customers are really going to win with a more competitive and scalable Mint and Ultra.”

Reynolds and Hollywood star Rob McElhenney are best known for their roles in the comedy series It’s Always Sunny in Philadelphia. Take over Wrexham AFC in February 2021investing £2 million as part of the acquisition deal.

Reynolds describes Red Dragons takeover as “The Role of a Lifetime”.

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Watch actor Ryan Reynolds meet the King

He and McElhenney received the prestigious Dragon Award for their work at a star-studded gala last November Promote Welsh and the Welsh language to the world.

A month later, the pair met King Charles and the Queen Royal visit to Wrexham Celebrating its new city status.

The king praised the football club for “putting Wrexham on the map”, while the queen called the club’s story “extraordinary”.

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