August 14, 2022

What you need to know

  • Light Reading reports that Mint Mobile’s parent company, Ultra Mobile, has been shopping the carrier around to potential buyers.
  • According to people involved in the discussion, the asking price has been too steep for those potential buyers.
  • Actor Ryan Reynolds is a partial owner of Mint Mobile and has appeared in multiple ads for the carrier.

As reported by Light Reading (opens in new tab), Mint Mobile’s parent company, Ultra Mobile, has been shopping Mint Mobile around to potential buyers. Citing people familiar with the situation, Ultra Mobile may be looking to sell the prepaid carrier. According to people involved in the discussion, the asking price is too high for Mint Mobile.

While the discussions are said to be relatively informal, the company’s other brands, Ultra Mobile, and Plum Mobile may also be up for sale. Mint Mobile has been rapidly gaining momentum in the prepaid wireless space with competitive pricing and clever marketing led by partial owner Ryan Reynolds.