T-Mobile is acquiring Ka’ena Corporation – the company behind MVNO carriers Mint Mobile and Ultra Mobile in a deal reportedly worth $1.35 billion. The deal will include a 39% cash payment and 61% stock. The transaction will depend on Ka’ena Corporation’s performance in the coming months as well as other contractual reserves and is expected to close later this year.
T-Mobile is acquiring Mint and Ultra Mobile’s sales, marketing, digital, and service departments as well as wholesale wireless solutions provider Plum. The plan is to enhance both MVNOs via T-Mobile’s established supplier…
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