
Mint Mobile
Prepaid, online-first wireless carrier.
AcquiredSource [2]Source [4]Last verified Oct 2, 2026
About Mint Mobile
Mint Mobile is a prepaid, online-first wireless brand that sells service directly to consumers and runs on T-Mobile's network. At the time of Reynolds' 2019 investment it offered plans from $15 a month with no contracts and a bring-your-own-phone program.Source [1]Source [4]
It was run by Ka'ena Corporation, which also owned the internationally focused prepaid brand Ultra Mobile and the wholesale provider Plum. Before the acquisition Ka'ena was a wholesale partner of T-Mobile.Source [2]Source [4]
Actor Ryan Reynolds bought an ownership stake in November 2019 and took on communications and marketing work, becoming the face of the brand's advertising.Source [1]Source [3]
T-Mobile completed the purchase of Ka'ena on May 1, 2024, for a variable price of up to $1.35 billion in cash and stock. T-Mobile said the brands would keep operating autonomously, that founders David Glickman and Rizwan Kassim would continue to lead them, and that Reynolds would continue in his creative role.Source [2]Source [4]
What happened
Mint Mobile launched in 2016 as a direct-to-consumer prepaid wireless brand; its founders are David Glickman and Rizwan Kassim. Ryan Reynolds bought an ownership stake in November 2019. T-Mobile agreed in March 2023 to buy its parent, Ka'ena Corporation, for up to $1.35 billion and completed the deal on May 1, 2024, when Ka'ena became a wholly owned T-Mobile subsidiary.Source [1]Source [3]Source [2]Source [4]
Timeline
- 2024-05-01T-Mobile completed its acquisition of Ka'ena Corporation, parent of Mint Mobile.Source [2]Source [4]
- 2024-03T-Mobile and Ka'ena amended the merger agreement's payment mechanics.Source [4]
- 2023-03T-Mobile agreed to buy Ka'ena for up to $1.35 billion.Source [4]Source [3]
- 2019-11Ryan Reynolds bought an ownership stake.Source [1]
- 2016Mint Mobile launched.Source [1]
Products and brands
- Mint Mobile: Direct-to-consumer prepaid wireless plans.Source [2]
- Ultra Mobile: Internationally focused prepaid value brand (sister brand under Ka'ena).Source [2]
- Plum: Wholesale wireless solutions provider (sister business under Ka'ena).Source [2]
Leadership
| David Glickman | Founder and CEO of Mint, Ultra and Plum (as of May 2024)Source [2]Source [1] | Since 2016 |
| Rizwan Kassim | Co-founder (joined T-Mobile with the brands in 2024)Source [2] | |
| Ryan Reynolds | Creative roleSource [1]Source [2] | Since 2019 |
Funding and financials
- Acquisition price
- Up to $1.35 billion (39% cash, 61% stock); acquisition-date fair value $1.2 billion (May 2024)Source [4]
People on Founded, and where they went next
| Person | Here | Also built |
|---|---|---|
| Ryan Reynolds | Owner (equity stake), Creative role2019 to now | MNTNIPOClub NecaxaActiveWrexham AFCActiveMaximum EffortActiveAviation American GinAcquired |
Links
Sources
- Ryan Reynolds Purchases Ownership Stake in Mint Mobile, GlobeNewswire (Mint Mobile), 2019-11-25. Accessed Oct 2, 2026.
- Mint and Ultra: Welcome to the T-Mobile Family!, T-Mobile, 2024-05-01. Accessed Oct 2, 2026.
- T-Mobile Acquires Mint Mobile And Ultra Mobile, The Mobile Report, 2023-03-15. Accessed Oct 2, 2026.
- T-Mobile US, Inc. Form 10-Q for the quarter ended June 30, 2024, U.S. SEC (EDGAR). Accessed Oct 2, 2026.