To increase its customer base and marketing activities, T-Mobile US signed a legally binding agreement to buy Ka'ena and its affiliates, including prepaid brand Mint Mobile, international phone provider Ultra Mobile, and MVNA Plum, for up to $1.4 billion.
Furthermore, 39% of the acquisition price will be paid in cash, and 61% will be made in shares by the operator. According to the statement, the ultimate price will depend on Ka'ena's performance in specific time frames before and after the acquisition closes, which T-Mobile anticipates will happen later this year, barring unforeseen circumstances.
