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T-Mobile US, Inc (NASDAQ: TMUS) weighed acquiring “Deadpool” star Ryan Reynolds-backed budget wireless provider Mint Mobile.
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Reynolds owns about 25% of the company, Bloomberg reported.
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Mint Mobile offers budget cell phone plans on the T-Mobile network starting at a monthly plan of $15.
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Reynolds became a part-owner of Mint Mobile in 2019.
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As the company’s primary pitchman, he’s starred in Mint Mobile’s TV ads and pushed the company heavily to his 21 million Twitter and 47 million Meta Platforms Inc (NASDAQ: META) Instagram followers.
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T-Mobile gained about a one-year lead in 5G service on rivals AT&T Inc (NYSE: T) and Verizon Communications Inc (NYSE: VZ) with the takeover of Sprint Corp in 2020.
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The second-largest U.S. mobile service provider added 927,000 new phone customers in Q4, beating the analyst expectation of 921,000.
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T-Mobile US also signed up 524,000 new high-speed broadband subscribers, missing the analyst expectation of 560,000.
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Price Actions: TMUS shares closed lower by 0.51% at $148.80 on Wednesday.
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Photo via Wikimedia Commons
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