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T-Mobile acquires Ka'ena Corp for $1.35 billion

PUBLIC · TMUSSep 20, 2026about 2 hours ago

Acquiring Company

T-Mobile

Acquired Company

Ka'ena Corporation

ShanghaiUnited StatesHardwareMobileVoipWirelessinformation technology & servicesHardwareMobileWireless

Description

T-Mobile announced its acquisition of Ka'ena Corporation, the parent company of Mint Mobile, for up to $1.35 billion. The acquisition was completed on May 1, 2024, after receiving regulatory approval from the FCC. This transaction positions T-Mobile to expand its market presence in the low-cost wireless segment. Ryan Reynolds, who invested in Mint Mobile, reportedly received between $300 million and $337.5 million from the deal.

Company Information

Company

T-Mobile

Location

Shanghai, Shanghai, China

About

T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: http://www.t-mobile.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Ka'ena Corporation?

Ka'ena Corporation was acquired by T-Mobile, based in Shanghai. The deal was reported on September 20, 2026. T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile is publicly traded (TMUS) and operates in Hardware.

When did T-Mobile acquire Ka'ena Corporation?

T-Mobile's acquisition of Ka'ena Corporation was reported on September 20, 2026. T-Mobile announced its acquisition of Ka'ena Corporation, the parent company of Mint Mobile, for up to $1.35 billion. The acquisition was completed on May 1, 2024, after receiving regulatory approval from the FCC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ka'ena Corporation do?

Ka'ena Corporation is a parent company that owns several mobile service brands, including Mint Mobile and Ultra Mobile. The company focuses on providing low-cost, prepaid wireless services to consumers. It is privately held, operating in Hardware, and is based in United States.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.