T-Mobile buys Mint Mobile for $1.5 Billion [telecom]

By Joe Hernandez

The telecommunications giant T-Mobile announced it's buying the budget cell service provider Mint Mobile — best known for its ads with actor and part-owner Ryan Reynolds. The cash-and-stock deal, which includes two other brands, is worth $1.35 billion.

T-Mobile CEO Mike Sievert said Wednesday that the company would use its size and resources to "supercharge" Mint, which uses T-Mobile's wireless network and offers plans for as little as $15 per month.

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  • Moderator's Note
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  • Some readers will remember that I publicized my disappointment
  • with the way Verizon issued it's "Not quite 4G" decision and
  • forced my wife to buy a new phone. She chose Consumer Cellular,
  • but I had already abandoned Verizon in favor of - you guessded
  • it - Mint Mobile. I've been happy with their service, but
  • now I'm wondering it the next big Orgy-of-Obfuscation will
  • leave me without any choice but to pony up for the full-price
  • offers.
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  • Bill Horne
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