Ryan Reynolds
Source: Getty Images

Here's How Ryan Reynolds Became a Mint Mobile Stakeholder

Jennifer Farrington - Author
By

Dec. 2 2022, Updated 2:44 p.m. ET

Actor Ryan Reynolds is best known for his work on the big screen — starring as the superhero Deadpool in the eponymous film series and alongside Sandra Bullock in The Proposal.

However, off-screen, Reynolds is also keeping busy with his investments.

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He recently launched his line of Aviation Gin and bought the Wrexham Association Football Club as well as the financial management company Wealthsimple.

Reynolds has also appeared in commercials for Mint Mobile, prompting many to wonder if he is actually an owner and not just the company spokesperson.

So, does Ryan Reynolds own Mint Mobile?

Ryan Reynolds
Source: Mint Mobile

In November 2019, Mint Mobile announced that Reynolds went from user to owner in a statement shared on its website.

"While every other tech titan is off chasing rockets, I’ll corner the budget-friendly wireless sector," Reynolds said before jokingly adding, "Like most people, I only use rockets 10–12 times a year but I use my mobile service every day."

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According to TechCrunch, Reynolds bought a majority stake in the mobile virtual network operator on the T-Mobile network. Mint Mobile's CMO Aron North calls Reynolds' involvement "absolutely critical."

"Ryan is an A++ celebrity, and he’s very funny and entertaining and engaging,” North explained. “His reach has given us a much bigger platform to speak on. I would say he is absolutely critical in our success and our growth.”

What's Mint Mobile, and how does it work?

A Mint Mobile kit
Source: Mint Mobile

Mint Mobile is a subsidiary of Ultra Mobile and began operating as a separate company in October 2019, the same year Reynolds became a stakeholder.

Mint Mobile, an MVNO (mobile virtual network operator), operates on the T-Mobile network. This means T-Mobile gives preference to its current customers, which could cause services such as internet connections to fluctuate.

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While Reynolds reportedly owns between 20 percent and 25 percent of the company, it's run by CEO David Glickman.

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What plans does Mint Mobile offer?

Mint Mobile offers consumers the option of purchasing a 3-, 6-, or 12-month plan. The company claims the more months you commit to, the cheaper your wireless bill will be. After your initial 3-month term ends, you can either renew or change the number of months in your plan.

In the event that you need more data, you’re given the option of purchasing 1 GB for $10, 3 GB for $20, or simply upgrading your plan, no matter where you are in your term. A 3-month plan for a new customer currently sells for the following:

  • 4 GB/month – $15

  • 10 GB/month – $20

  • 15 GB/month – $25

  • Unlimited monthly data – $30

Plans either use 5G or 4G LTE, whichever provides better coverage.

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The company will track your data usage to help you gauge whether you need a data plan that offers more, less, or unlimited data. Simply put, Mint Mobile offers flexibility to its customers.

You can either bring your unlocked phone to a Mint Mobile location or purchase one directly. The company extends the option of either buying a cell phone for the full retail price or paying in monthly installments with Affirm.

Mint Mobile is an employee-centric company.

Mint Mobile logo
Source: Mint Mobile

If Reynolds has convinced you that purchasing a device and mobile plan from Mint Mobile is the next best decision you can make, working for the company might sound even better.

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According to Mint Mobile's website, employees are provided with the following incentives:

  • Generous health plans
  • 401K matching
  • Unlimited vacation (yes, you heard that correctly)
  • Parental leave
  • Free phone service for you and the family
  • Stock option programs

When the COVID-19 pandemic hit, Mint Mobile reportedly “did not furlough anyone,” but instead, found “creative ways to keep everyone happily employed.” The company also sent out care packages to its employees.

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Employees at Mint Mobile are given the option to work onsite or remotely. The onsite option may sound more appealing to some, as the company offers the following on its campus:

  • An on-site gym

  • Bi-weekly massages and yoga

  • Ping-pong

  • Free EV charging

  • Free lunches, snacks, and froyo (yum!)

  • A dog-friendly environment

  • Bagel Mondays

Is Mint Mobile a publicly traded company?

As Mint Mobile is a privately run company, it's not publicly traded. The company is worth $600 million to $800 million, according to The New York Post, with Altice USA named as an interested buyer.

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