The affordable cell service provider Mint Mobile will be acquired by the telecom behemoth T-Mobile.

T-Mobile revealed that it planned to acquire Ka'ena Corporation and its affiliates, including Mint Mobile, in a deal value up to $1.35 billion.

Since its launch in 2016, Mint Mobile has grown in prominence among customers looking for less expensive alternatives to expensive mobile plans.

The company offers unlimited plans for $30 per month and premium wireless plans for as little as $15 per month.

T-Mobile stated that Mint's pricing would not change. Mint has created an extremely successful digital direct-to-consumer business that continues to provide value to customers.

Ryan Reynolds, who began his acting career in the 1990s, and he acquired an ownership stake in Mint Mobile in 2019.

T-Mobile's 5G network will provide a superior strategic advantage over my mother Tammy Reynolds' aggressive last-minute bid, the actor said.

According to T-Mobile US Inc, Mint and Ultra Mobile are complimentary to its current prepaid offerings, Connect by T-Mobile, Metro by T-Mobile, and T-Mobile branded prepaid.