M&A Deal Summary

T-Mobile US Acquires Mint Mobile

On March 15, 2023, T-Mobile US acquired communications company Mint Mobile for 1.3B USD

Acquisition Highlights
  • This is T-Mobile US’s 9th transaction in the Communications sector.
  • This is T-Mobile US’s 5th largest (disclosed) transaction.
  • This is T-Mobile US’s 11th transaction in the United States.
  • This is T-Mobile US’s 1st transaction in California.

M&A Deal Summary
Date 2023-03-15
Target Mint Mobile
Sector Communications
Buyer(s) T-Mobile US
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) LionTree
BofA Securities (Financial)
Latham & Watkins
Bernstein Shur Sawyer & Nelson (Legal)

Target

Mint Mobile

Costa Mesa, California, United States
Mint Mobile is a direct-to-consumer (D2C) prepaid wireless brand in the U.S. that also includes Ultra Mobile, a unique wireless service offering international calling options to communities across the country; and wholesaler Plum. Mint Mobile is based in Costa Mesa, California.

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Buyer(S) 1

Buyer

T-Mobile US

Bellevue, Washington, United States
Category Company
Founded 1944
Sector Communications
Employees67,000
Revenue 78.6B USD (2023)
DESCRIPTION
T-Mobile office in Parsippany, New Jersey.
T-Mobile office in Parsippany, New Jersey.

T-Mobile US is a provider of wireless communications services, including voice, messaging and data to customers in the postpaid, prepaid, and wholesale markets. T-Mobile USA provides services, devices and accessories across its brands, T-Mobile and MetroPCS, through Company owned and operated retail stores, third party distributors and its websites. T-Mobile US was founded in 1994 and is based in Bellevue, Washington.

DEAL STATS #
Overall 12 of 12
Sector (Communications) 9 of 9
Type (Add-on Acquisition) 9 of 9
State (California) 1 of 1
Country (United States) 11 of 11
Year (2023) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 T-Mobile - Wireline Business

Bellevue, Washington, United States

T-Mobile's Wireline Business offers the legacy Sprint U.S. long-haul network that provides an owned network asset to complement and eventually replace Cogent's current leased network and provides the ability to expand its product set, including the sales of optical wave transport services to new and existing customers.

Sell -
Mergr

Product

Company

Legal