T-Mobile is purchasing Mint Mobile

Mergers and acquisitions in the mobile carrier world are not uncommon. Most of the brands powering your device’s service are owned by larger parent companies. T-Mobile just announced that it’s purchasing Mint Mobile for a hefty chunk of change.

You’ve probably seen all of the comedic advertisements for Mint Mobile featuring actor Ryan Reynolds. This is the company that offers you mobile service for as low as $15/month. The thing is that you buy your service in three-month installments for $45.

Ryan Reynolds has been the owner since 2019. Meanwhile, T-Mobile was in the process of merging with Sprint. This process eventually wrapped up in 2020 with Sprint being dissolved.

Now, T-Mobile is purchasing Mint Mobile

In merging with Sprint, T-Mobile sold off Boost Mobile to Dish so that Dish could be a major carrier of its own. So, it looks like Mint Mobile might fill the void left by this transaction.

T-Mobile is purchasing Mint Mobile, in part, using cash and the rest in stocks. 31% will be in cash and the remaining 69% will be done in stocks. In total, the deal weighs in at $1.35 billion. While that’s a lot of money, that’s around 5% of the cost of the Sprint Merger.

So, people are wondering what will change with this deal. Ostensibly, there won’t be a change in the signal quality because Mint Mobile has been using T-Mobile’s towers since it was created. So, you shouldn’t expect any change in that department.

When it comes to the price, that’s something that people are worried about. However, in the announcement, both companies stated that Mint Mobile will keep its $15/month price. Now, we can’t rule out any changes in the overall user experience. So, if you’re a Mint Mobile user, be on the lookout for any emails from the company telling you about the acquisition.

If there are going to be any changes, you shouldn’t expect them to happen just yet. The deal will be finalized later this year.