Budget wireless provider Mint Mobile, which is partially owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal valued at $1.35bn (£1.1bn).
T-Mobile bought Ka’ena Corp, giving it access to Mint, along with Ultra Mobile and wholesaler Plum.
The brands already use T-Mobile for their network, but will be operated as a separate business unit.
ReynoldsThe 46-year-old tweeted: “Never dreamed of owning a wireless company and certainly never dreamed of selling it to T-Mobile.
“Life is strange and I’m incredibly proud and grateful.”
The Deadpool actor and co-owner of Wrexham AFC also shared a video of him appearing alongside T-Mobile CEO Mike Sievert.
Mr. Sievert tells Reynolds, “We are so happy that you and the entire Mint team are joining the T-Mobile family.”
Reynolds joked, “Ah! Well, I wouldn’t call it family, Mike.
“The family is a place for misdirected hopes and dreams.
“I hope this will be much better than that.”
He added, “I am absolutely thrilled with every aspect of this new venture.”
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T-Mobile is acquiring the brands’ sales, marketing, digital and services operations.
It plans to try and grow brands and offer competitive pricing and a larger device inventory to US consumers.
Reynolds will remain at Mint in a creative role.
Sievert said the company plans to boost Mint’s already thriving direct-to-consumer digital business.
“Long term, we will also benefit from applying the marketing formula that Mint has become known for across multiple parts of T-Mobile,” Sievert said.
“We think customers are really going to win with a more competitive and expansive Mint and Ultra.”
Reynolds and fellow Hollywood star, Rob McElhenney – best known for appearing in the comedy series It’s Always Sunny in Philadelphia – took control of Wrexham AFC in February 2021investing £2 million as part of a takeover deal.
Reynolds described the acquisition of the Red Dragons as the “role of a lifetime”.
In November of last year he and McElhenney received a prestigious Dragon Award at a star-studded gala honoring their work at promote Wales and the Welsh language around the world.
A month later the couple met King Charles and Queen consort as part of a royal visit to Wrexham to celebrate its new city status.
The king hailed the football club for “putting Wrexham on the map” while the queen consort described the club’s history as “remarkable”.