Mint Mobile

Mint Mobile, LLC is a mobile virtual network operator in the United States on the T-Mobile network. 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.

Mint Mobile, LLC
TypePrivately held company
IndustryTelecommunications
FoundedAugust 7, 2016 (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]
OwnerRyan Reynolds (20%-25%)[3]
ParentT-Mobile US
Websitewww.mintmobile.com

History

The company was founded in 2015 as Mint SIM, a subsidiary of Ultra Mobile, by David Glickman, also the founder of Ultra Mobile, and Rizwan Kassim.[4]

In November 2019, the corporate spin-off of the company from Ultra Mobile was completed[5] and Ryan Reynolds acquired a 20%–25% ownership stake in the company.[6][3] Reynolds and founder Glickman both served on the board of directors for The Michael J. Fox Foundation and Glickman was impressed with how Reynolds handled marketing for Deadpool.[2]

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

Awards and recognition

In 2018, the company won an award from WhistleOut for having the best budget prepaid wireless plan.[10]

In 2021, the company was named the fastest growing company in America and was also listed among the best places to work by American City Business Journals.[5]

The company was ranked by U.S. News & World Report 2nd for Best Cell Phone Plans of 2022, behind Tello Mobile.[11]

The company's plans are ranked as "best for overall value" by TechRadar.[12]

See also

References
  1. White, Ronald D (February 5, 2017). "Ultra Mobile CEO David Glickman finds his calling". Los Angeles Times.
  2. "David Glickman". Inc. September 1, 2021 – via PressReader.
  3. Moynihan, Lydia (August 5, 2021). "Ryan Reynolds is poised to reap a windfall from his Mint Mobile stake". New York Post.
  4. "Ultra Mobile Tops Inc. 5000". American City Business Journals. August 13, 2015.
  5. HOFFMAN, SUSAN (October 21, 2021). "Employee-centric Mint Mobile in Costa Mesa given accolades for workplace culture". Los Angeles Times.
  6. Gonzalez, Oscar (November 25, 2019). "Ryan Reynolds now owns Mint Mobile". CNET.
  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. "Best Budget Prepaid Provider". WhistleOut.
  11. Brooks, Onjeinika (July 20, 2022). "Best Cell Phone Plans of 2022". U.S. News & World Report.
  12. "The best prepaid phone plans". TechRadar. March 2022.
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