T-Mobile Ready to Close Mint Mobile Purchase Next Week -- Market Talk

Dow Jones04-26

1625 ET - The Federal Communications Commission approval of T-Mobile's bid to buy Mint Mobile is the "last regulatory hurdle" it needed to clear, president Mike Katz says, adding that the full transaction for Mint parent Ka'ena should close at the end of this month. T-Mobile last year offered up to $1.35 billion for Ka'ena, which is co-owned by actor Ryan Reynolds and also offers service under the Ultra Mobile brand. T-Mobile executives said they expected to close the deal earlier; FCC officials finally blessed it after the wireless carrier agreed to make it easier to unlock Mint and Ultra cellphones. (andrew.fitzgerald@wsj.com; @drewfitzgerald)

(END) Dow Jones Newswires

April 25, 2024 16:25 ET (20:25 GMT)

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