• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, May 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

T-mobile likely to buy Reynolds-backed Mint Mobile for $1.35 billion

by Prity Khanal
March 16, 2023
in News
Reading Time: 2 mins read
0
T-mobile likely to buy Reynolds-backed Mint Mobile for $1.35 billion
TwitterWhatsappLinkedin

In hopes of maintaining growth in a fierce industry, T-Mobile US Inc (TMUS.O) announced on Wednesday that it was going to purchase Ka’ena Corp, the owner of Ryan Reynolds-backed low-cost phone carrier Mint Mobile, for close to $1.35 billion.

You might also like

Epic Games’ Fortnite Makes Triumphant Return to Apple’s App Store After Nearly Five-Year Ban

Paramount Faces Political Firestorm Over Possible Trump Lawsuit Settlement

Intel Considers Selling Network and Edge Units Amid Strategic Overhaul Under New CEO

The contract will enable T-Mobile to acquire a greater proportion of the pay-as-you-go market, which size is projected to grow as credit-challenged individuals avoid paying high monthly bills.

It will also assist T-business Phones at a time when competitor carriers Verizon (T.N) and AT&T (T.N) have already been providing offers that have raised the firm’s turnover rates, or the portion of users who discontinue using a service.

The final purchase price will be determined by Ka’ena’s performance over particular times prior to and following the completion of the sale, which is planned for later this year. The contract is made up of 39 percent cash and 61 percent stock.

A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton

The deal will significantly improve T-Mobile’s core adjusted earnings, yet is not predicted to have a significant effect on the firm’s year projection.

Mint is famous for its marketing techniques that frequently include Reynolds, a co-owner. The “Deadpool” actor left voicemail messages for customers telling them that the enterprise had supplied them with free unlimited internet at the start of the epidemic in 2020.

Wrexham, a British soccer team, and Aviation American Gin, which has been sold to Diageo in 2020 for around $610 million, are additionally part of Reynolds’ holdings. Nevertheless, the star continues to have an “ongoing ownership interest” in Aviation Gin.

Previously, It was reported that according to recent data, three separate cybercriminal organizations tried to gain access of T- Mobile’s internal networks in more than 100 different incidents during 2022.

The attackers’ goal for each case remained the same: they intended to fool T-Mobile workers into granting them access to critical company data, and then employ that information to establish a cybercrime service that anybody could use to have personal text messages and telephone conversations forwarded to a different device.

 

About T-Mobile:

T-Mobile Czech Republic, T-Mobile Polska, T-Mobile US, and the former branch in the Netherlands all function as mobile telecommunications affiliates of the German telecommunications corporation Deutsche Telekom AG under the trademark “Mobile” (T-Mobile Netherlands).

The T-Mobile name was initially used by subsidiaries in several other nations, including Austria (now Magenta), Croatia (now Hrvatski Telekom), Germany (now Deutsche Telekom), Hungary (now Magyar Telekom), Montenegro (now Crnogorski Telekom), North Macedonia (now Makedonski Telekom), Romania (now Telekom România), Slovakia (now Slovak Telekom), and the United Kingdom. The T-Mobile brand was first introduced in 1996. (now EE Limited).

 

Tags: #mint_mobile#reynolds#United_statesdealGermanyHungaryT-Mobile
Tweet54SendShare15
Previous Post

Beginners Guide to NFTs and Gaming in 2023

Next Post

Abu Dhabi-Based Firm G42 Invests in ByteDance at $220 Billion Valuation

Prity Khanal

Prity is a content writer whose passion lies in writing to inspire others. She specialises in the field of law. With a curious mind and love for research and proficiency in creating informative narratives, she has specialised in tech, crypto, and is up-to-date with current market changes and flexible in various other fields.

Recommended For You

Epic Games’ Fortnite Makes Triumphant Return to Apple’s App Store After Nearly Five-Year Ban

by Anochie Esther
May 22, 2025
0
Fortnite

In a twist that has been long awaited by millions of fans and closely monitored by the tech and gaming industries alike, Fortnite is finally making its comeback...

Read more

Paramount Faces Political Firestorm Over Possible Trump Lawsuit Settlement

by Harikrishnan A
May 22, 2025
0
Paramount Faces Political Firestorm Over Possible Trump Lawsuit Settlement

Three senior U.S. senators are raising red flags over media giant Paramount Global’s ongoing legal entanglement with President Donald Trump, warning that a settlement in his $20 billion...

Read more

Intel Considers Selling Network and Edge Units Amid Strategic Overhaul Under New CEO

by Harikrishnan A
May 22, 2025
0
Pentagon Halts $2.5 Billion Chip Grant to Intel,

In a significant pivot that could reshape Intel’s future, the tech giant is quietly weighing whether to sell off its network and edge computing business units. The move...

Read more
Next Post
Abu Dhabi-Based Firm G42 Invests in ByteDance at $220 Billion Valuation

Abu Dhabi-Based Firm G42 Invests in ByteDance at $220 Billion Valuation

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?