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Mint Mobile

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Mint Mobile, LLC
Company typeSubsidiary
IndustryTelecommunications
FoundedAugust 7, 2016; 8 years ago (2016-08-07)
FounderDavid Glickman[1]
HeadquartersCosta Mesa, California, U.S.
Key people
David Glickman, CEO
Rizwan Kassim, Managing Partner
ServicesPrepaid Mobile virtual network operator
RevenueOver $100 million[2]
ParentT-Mobile US
Websitewww.mintmobile.com

Mint Mobile, LLC is a mobile virtual network operator in the United States. It requires the purchase of a physical SIM card or eSIM online and, except for a trial period, prepayment for at least three months of service. In March of 2023, T-Mobile US agreed to acquire Mint mobile subject to regulatory approval.

History

The company was founded in 2015 as Mint SIM, a subsidiary of Ultra Mobile, by Ultra Mobile founder David Glickman, and Rizwan Kassim.[3]

In November 2019, the corporate spin-off of the company from Ultra Mobile was completed[4] and Ryan Reynolds acquired 20–25% ownership in it.[5][6] Reynolds and founder Glickman both served on the board of directors for The Michael J. Fox Foundation, and Glickman was impressed with Reynolds' marketing for Deadpool.[2]

In March 2023, T-Mobile US agreed to acquire Ka’ena Corporation and its subsidiaries and brands, including Mint Mobile. It was announced that Reynolds would stay on as a spokesperson in his “creative role on behalf of Mint". T-Mobile CEO Mike Sievert assured customers that Mint's current $15-per-month plan would remain in place, and that Mint's founders would remain to manage what “will generally operate as a separate business unit.” [7] [8][9]

Awards and recognition

In 2021, it was named "the fastest growing company in America", and listed among the best places to work by American City Business Journals.[4]

It was ranked by U.S. News & World Report 2nd for Best Cell Phone Plans of 2022, behind Tello Mobile,[10] and "best for overall value" by TechRadar.[11]

See also

References

  1. ^ White, Ronald D (February 5, 2017). "Ultra Mobile CEO David Glickman finds his calling". Los Angeles Times.
  2. ^ a b "David Glickman". Inc. September 1, 2021 – via PressReader.
  3. ^ "Ultra Mobile Tops Inc. 5000". American City Business Journals. August 13, 2015.
  4. ^ a b HOFFMAN, SUSAN (October 21, 2021). "Employee-centric Mint Mobile in Costa Mesa given accolades for workplace culture". Los Angeles Times.
  5. ^ Gonzalez, Oscar (November 25, 2019). "Ryan Reynolds now owns Mint Mobile". CNET.
  6. ^ Moynihan, Lydia (August 5, 2021). "Ryan Reynolds is poised to reap a windfall from his Mint Mobile stake". New York Post.
  7. ^ "T‑Mobile to Acquire and Turbocharge Mint Mobile and Ultra Mobile, Brands Will Continue Delivering Value on the Un‑carrier's 5G Network ‑ T‑Mobile Newsroom". T-Mobile Newsroom. Retrieved 2023-03-16.
  8. ^ Korn, Jennifer (2023-03-15). "T-Mobile to buy Ryan Reynolds' Mint Mobile in a $1.35 billion deal | CNN Business". CNN. Retrieved 2023-03-16.
  9. ^ "T-Mobile to Acquire and Turbocharge Mint Mobile and Ultra Mobile, Brands Will Continue Delivering Value on the Un-carrier's 5G Network" (Press release). Business Wire. March 15, 2023.
  10. ^ Brooks, Onjeinika (July 20, 2022). "Best Cell Phone Plans of 2022". U.S. News & World Report.
  11. ^ "The best prepaid phone plans". TechRadar. March 2022.
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