T-Mobile acquires Mint Mobile for $1.35 billion
san francisco T-Mobile swallows the competitor Mint Mobile. The US subsidiary of Deutsche Telekom announced Wednesday that it would pay up to $1.35 billion for Mint parent Ka’ena.
The amount will be paid 39 percent in cash and 61 percent in shares. The transaction is not expected to affect the outlook for 2023. It will have a slightly positive impact on T-Mobile’s operating profit and cash flow.
Mint, which has a stake in actor Ryan Reynolds, offers prepaid plans. Because consumers are having to tighten their belts due to high inflation, experts expect strong growth in this segment.
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