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  4. Mint Mobile
Mint Mobile logo
Technology & Software

Who Owns Mint Mobile?

Mint Mobile is owned by T-Mobile US, which acquired its parent Ka'ena Corporation in a deal announced in March 2023 and completed on May 1, 2024 for up to $1.35 billion in cash and stock. T-Mobile US is majority-owned by Deutsche Telekom AG and trades on the Nasdaq under ticker TMUS. Mint Mobile continues to operate as a distinct prepaid wireless brand headquartered in Costa Mesa, California.

Parent Company

Deutsche Telekom AG

Acquired

2024

Status

Publicly Traded

Headquarters

Costa Mesa, California, USA

Mint Mobile Timeline

1995
Deutsche Telekom AG

Parent company established in Bonn, Germany

Company Founded
2016

Mint Mobile

Founded by David Glickman, Rizwan Kassim

Founded
2024
Acquired by Deutsche Telekom AG

Deutsche Telekom AG acquired Mint Mobile

Acquired
budgetmass marketUnited StatesOfficial Website

Who Owns Mint Mobile?

  • Parent Company: Deutsche Telekom AG
  • Ownership Type: Subsidiary
  • Acquisition Year: 2024
  • Company Type: Publicly Traded
  • Stock Ticker: Frankfurt Stock Exchange: DTE
BrandParent CompanyOwnership Type
Mint MobileDeutsche Telekom AGSubsidiary

History of Mint Mobile

  • Founded: 2016
  • Founders: David Glickman, Rizwan Kassim
  • Acquired by Deutsche Telekom AG: 2024

Mint Mobile traces its roots to Ultra Mobile, an MVNO founded in 2011 by entrepreneurs David Glickman and Rizwan Kassim that targeted international callers and immigrant communities. In August 2016 the team launched Mint SIM, a separate online-only prepaid brand selling service exclusively on the T-Mobile network. Its pitch was simple: buy service in bulk three, six, or twelve months at a time and pay far less than postpaid carrier rates.

The brand's early growth was steady but modest. The turning point came in November 2019, when Mint SIM was spun out of Ultra Mobile into a standalone company, renamed Mint Mobile, and sold a roughly 25 percent stake to Ryan Reynolds. Reynolds had served with Glickman on the board of the Michael J. Fox Foundation and brought both capital and an unusual level of celebrity marketing firepower. His self-aware, low-budget ad campaigns became a case study in direct-to-consumer brand building and pushed Mint's subscriber base sharply higher.

The business model was lean by design. With no stores, no handset subsidies, and no network infrastructure, Mint kept costs low and passed the savings into pricing, anchored by its $15 per month entry plan. Revenue exceeded $100 million annually as the brand scaled.

In March 2023 T-Mobile announced it would acquire Ka'ena Corporation, reuniting Mint Mobile with the network it had always run on. Regulators approved the deal in April 2024 after T-Mobile agreed to handset unlocking commitments for Mint and Ultra devices, and the acquisition closed on May 1, 2024. Founders Glickman and Kassim joined T-Mobile to help lead the prepaid brands, and Reynolds remained as the public face. Under T-Mobile, Mint kept its pricing structure while gaining perks such as T-Mobile's scam call screening and expanded device inventory.

About Deutsche Telekom AG

What does Deutsche Telekom own?
Deutsche Telekom owns a portfolio of telecommunications brands and services including T-Mobile US (approximately 48 percent majority stake), Telekom Germany (branded as "T"), MagentaTV and MagentaEINS in Germany, T-Mobile operations in multiple European countries, and T-Systems (enterprise IT services). The company's distinctive magenta color is a core element of its global brand identity.

Is Deutsche Telekom publicly traded?
Yes, Deutsche Telekom trades on the Frankfurt Stock Exchange under ticker symbol DTE and is a component of the EURO STOXX 50 index. The German federal government holds approximately 27.8 percent of shares, making it the largest single shareholder while the company operates as a publicly traded corporation.

Who founded Deutsche Telekom?
Deutsche Telekom was founded in 1995 through the privatization of the telecommunications division of Deutsche Bundespost, the German federal postal service. The company was listed on the Frankfurt Stock Exchange in 1996 in what was then the largest initial public offering in European history.

Where is Deutsche Telekom headquartered?
Deutsche Telekom AG is headquartered in Bonn, Germany, the former capital of West Germany. T-Mobile US, the company's largest subsidiary, is headquartered in Bellevue, Washington, USA. The company maintains operations across Germany, the United States, and multiple European countries.

How many brands does Deutsche Telekom own?
Deutsche Telekom operates primarily under the T-Mobile brand in international markets, Telekom (branded as "T") in Germany, and specialized brands including MagentaTV, MagentaEINS, and T-Systems for enterprise services. The company's portfolio spans wireless, fixed-line, television, and IT services across multiple markets.

Who owns Deutsche Telekom?
Deutsche Telekom is publicly owned with the German federal government as the largest shareholder, holding approximately 27.8 percent of shares both directly and through KfW, the German state-owned development bank. The remaining shares are held by institutional investors, pension funds, and individual shareholders internationally.

What is Deutsche Telekom's revenue?
Deutsche Telekom reported net revenue of €119.1 billion for FY2025, up 2.9 percent reported and 4.2 percent organically. Adjusted EBITDA AL was €44.2 billion and adjusted net profit was €9.7 billion. For FY2026, the company guided adjusted EBITDA AL to approximately €47.4 billion and free cash flow AL to approximately €19.8 billion.

  • Founded: 1995
  • Headquarters: Bonn, Germany
  • Company Type: Publicly Traded
  • Stock: Frankfurt Stock Exchange: DTE
  • Revenue: €119.1 billion (FY2025)
  • Employees: Approximately 202,000

Visit Deutsche Telekom AG website

View full company profile for Deutsche Telekom AG

Where Is Mint Mobile Made / Based?

  • Headquarters: Costa Mesa, California, USA

Mint Mobile Categories & Tags

MvnoPrepaid WirelessBudget CarrierT Mobile NetworkRyan ReynoldsDirect To Consumer

Mint Mobile Recalls & Controversies

In December 2023 Mint Mobile disclosed a data breach in which an unauthorized party accessed subscriber account information, including names, phone numbers, email addresses, SIM serial numbers, and service plan details. Mint said no financial data or passwords were exposed, but security researchers noted the stolen data could enable SIM swap attacks, and the company notified affected customers and reset compromised SIMs.

The T-Mobile acquisition itself drew scrutiny. Critics, including some consumer advocates and rival MVNO Dish's Boost Mobile parent at the time, argued the deal reduced prepaid competition since Mint operated on T-Mobile's own network. The FCC approved the transaction subject to conditions, including a commitment from T-Mobile to unlock Mint and Ultra handsets more quickly, easing customer switching.

Brands Owned by Deutsche Telekom AG

T-MobileTechnology Software

T-Mobile

Owned by Deutsche Telekom AG

American wireless network operator and the second-largest mobile carrier in the United States by postpaid accounts, majority-owned by Deutsche Telekom AG.

wirelesstelecommunicationsmobile
View all brands owned by Deutsche Telekom AG

Mint Mobile Ownership: Pros & Cons

Advantages

  • +Backing by the network owner removes MVNO wholesale cost friction
  • +T-Mobile scale supports device inventory, perks, and fraud protection features
  • +Founder and Reynolds continuity preserved brand identity after acquisition
  • +Budget pricing held stable under new ownership
  • +Access to Deutsche Telekom group's combined R&D and marketing resources

Considerations

  • -No longer an independent challenger; pricing decisions now answer to the network owner
  • -Data deprioritization versus postpaid T-Mobile customers remains a structural limit
  • -Bulk upfront payment model can surprise customers accustomed to monthly billing
  • -The 2023 data breach raised questions about account security practices
  • -MVNO status means Mint cannot control network quality or congestion

Frequently Asked Questions About Mint Mobile

Sources & Further Reading

  • Mint Mobile official site
  • T-Mobile press release on Ka'ena acquisition
  • FCC approval order (DA-24-387A1)
  • Deutsche Telekom investor relations
  • The Verge on the completed acquisition
  • Mint Mobile Wikipedia entry

Competitors to Mint Mobile

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Visible by VerizonVisible by Verizon
Verizon
USA
2018
BudgetUnited statesAll Genders

Learn More About Competitors

Visible by VerizonTechnology Software

Visible by Verizon

Owned by Verizon Communications Inc.

Visible by Verizon is Verizon's all-digital prepaid wireless brand offering unlimited plans from $25/month on Verizon's 5G network, launched in 2018 with no stores or contracts.

wirelessprepaidmvno

Competitive Analysis

Market Positioning: Mint Mobile competes with 1 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Mint Mobile

Looking for brands with different ownership structures? These similar brands are not owned by Deutsche Telekom AG, giving you alternative choices that support different corporate structures.

HostingerTechnology Software

Hostinger

Owned by Hostinger

Lithuanian web hosting and AI website builder brand serving 4.6 million customers globally, the flagship brand of the private Hostinger company.

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Privately Owned

Hostinger is privately owned, unlike Mint Mobile which is under a publicly traded parent company.

JumpJumpVPNTechnology Software

JumpJumpVPN

Owned by Unknown Company

Mobile virtual private network service available through Google Play, with an official product website at jumpjump.io.

vpnprivacy-softwaremobile-app
Independent

JumpJumpVPN is privately owned, unlike Mint Mobile which is under a publicly traded parent company.

MapFactor NavigatorTechnology Software

MapFactor Navigator

Owned by MapFactor

Free GPS navigation app for Windows, Android, and iOS using OpenStreetMap data, developed by MapFactor in Prague.

navigationmappinggps
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MapFactor Navigator is privately owned, unlike Mint Mobile which is under a publicly traded parent company.

CamScannerTechnology Software

CamScanner

Owned by INTSIG Information Co., Ltd.

Mobile document scanning app with OCR capabilities, owned by INTSIG Information Co., Ltd. of Shanghai, China.

document-scanningmobile-appocr
Privately Owned

CamScanner is privately owned, unlike Mint Mobile which is under a publicly traded parent company.

CapCutTechnology Software

CapCut

Owned by ByteDance Ltd.

Mobile and desktop video editing app developed by ByteDance in 2020, reaching over 300 million monthly active users globally.

video-editingsocial-mediamobile-app
Privately Owned

CapCut is privately owned, unlike Mint Mobile which is under a publicly traded parent company.

ChatGPTTechnology Software

ChatGPT

Owned by OpenAI

Artificial intelligence chatbot developed by OpenAI, based on the GPT (Generative Pre-trained Transformer) language model series.

artificial-intelligencechatbotlanguage-model
Privately Owned

ChatGPT is privately owned, unlike Mint Mobile which is under a publicly traded parent company.

Deutsche Telekom AG Stock Information

Jobs at Deutsche Telekom AG

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Last reviewed: October 1, 2026 · Reviewed by Who Brands Editorial Team