![]() The cash-and-stock deal, which includes two other brands, is worth $1.35 billion. 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. © 2023 NYP Holdings, Inc.Actor Ryan Reynolds is part owner of Mint Mobile and stars in ads for the budget cellular carrier which is being sold to T-Mobile. Reynolds sold Aviation Gin last August for $610 million. “Yet Mint is making wireless way more affordable at a time when the average American is paying 65 dollars a month.” “Celebrities generally invest in high-end products like skincare brands or delicious gin companies,” Reynolds said, making a sly reference to his previous venture, Aviation Gin. Ryan Reynolds’ stake in Mint is estimated between 20 and 25 percent of the company, a source told The Post. It’s unclear how much Mint has expanded since Reynolds came on board but a previous report suggests between November 2017 and November 2020 the company increased revenue 50,000 percent. Mint is a mobile virtual network operator (MVNO) meaning the company piggybacks on another network - in this case T-Mobile - to provide service to customers. ![]() A Reynolds rep wasn’t immediately able to comment. Mint Mobile did not respond to request for comment. “We’ll be looking at being more aggressive on the mobile side,” Goei added.įive-year-old Mint is a mobile virtual network operator, meaning it piggybacks on another network - T-Mobile in Mint’s case - to provide service to customers. In their second quarter earnings call Thursday, CEO Dexter Goei said mobile would continue to be a huge focus. WireImageĪltice USA has been making cell phones a focus recently - rebranding their mobile service provider last week from Altice Mobile to Optimum Mobile. The Deadpool star could haul in millions from his wireless bet. ![]() Altice USA, which owns cable, phone, internet, and wireless services, is said to be the lead buyer, although it’s unclear whether it will end up closing a deal. Now, Mint is shopping itself and could sell for as much as $600 million to $800 million, according to a source with direct knowledge of the situation. According to a source, the 44-year-old star had a solid source of motivation: His Mint stake is estimated between 20 and 25 percent of the company, according to the source. Reynolds soon got to work, pushing the service to his 38 million Instagram followers and 17.7 million Twitter followers. In late 2019, Reynolds also scored a tie-up with Mint Mobile, snagging a stake in the prepaid phone provider even as he became its pitchman. The Canadian-born “Deadpool” actor - who divorced Johansson a decade ago - married Blake Lively the following year. While Scarlett Johansson tussles with Disney over her “Black Widow” compensation, claiming she’s out $50 million, her ex Ryan Reynolds could be prepping for a windfall in the hundreds of millions. ![]() Hugh Jackman is absolutely jacked in ‘Wolverine’ training post-split Taylor Swift’s Chiefs-Jets suite was ‘depressing,’ director Shawn Levy says Ryan Reynolds reacts to Taylor Swift Chiefs suite after Shawn Levy called it ‘depressing’ Ryan Reynolds shares anxiety struggle and how he keeps from ‘spinning out of control’
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