A PYMNTS Company

DOJ Looks Into Mint Mobile Deal With T-Mobile: Reports

 |  April 20, 2023

The Department of Justice is investigating T-Mobile’s acquisition of Mint Mobile due to antitrust concerns, which may impact Ryan Reynolds’ reported windfall of $270 million.

The Department of Justice’s antitrust division is considering legal action to prevent the $1.35 billion acquisition ofT-Mobile, citing concerns that this will contribute to a trend of consolidation that may result in increased prices for wireless customers.

Insiders suggest that the strategy for pursuing Mint involves targeting a prominent celebrity agreement and using it as a demonstration.

Read more: Dish, T-Mobile US Alter Service Agreement After Talks With DOJ

According to Columbia law professor and securities expert John Coffee, there are regulators who target public figures. This may result in increased awareness among individuals in the entertainment industry.

Mint, founded in California in 2016, is a so-called mobile virtual network operator, or MVNO, meaning the company piggybacks on the infrastructure of another network — in Mint’s case T-Mobile.