Deadpool's Ryan Reynolds' Mint Mobile in T-Mobile's Acquisition Crosshairs

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  • T-Mobile US, Inc TMUS weighed acquiring "Deadpool" star Ryan Reynolds-backed budget wireless provider Mint Mobile.
  • Reynolds owns about 25% of the company, Bloomberg reported.
  • Mint Mobile offers budget cell phone plans on the T-Mobile network starting at a monthly plan of $15.
  • Reynolds became a part-owner of Mint Mobile in 2019. 
  • As the company's primary pitchman, he's starred in Mint Mobile's TV ads and pushed the company heavily to his 21 million Twitter and 47 million Meta Platforms Inc META Instagram followers. 
  • T-Mobile gained about a one-year lead in 5G service on rivals AT&T Inc T and Verizon Communications Inc VZ with the takeover of Sprint Corp in 2020.
  • The second-largest U.S. mobile service provider added 927,000 new phone customers in Q4, beating the analyst expectation of 921,000.
  • T-Mobile US also signed up 524,000 new high-speed broadband subscribers, missing the analyst expectation of 560,000.
  • Price Actions: TMUS shares closed lower by 0.51% at $148.80 on Wednesday.
  • Photo via Wikimedia Commons
Posted In: M&ANewsMediaBriefsRyan Reynolds
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