Ryan Reynolds explains sale of Mint Mobile to T-Mobile

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Mad Money host Jim Cramer talks to Mint Mobile's Ryan Reynolds and T-Mobile CEO Mike Sievert about the latter's acquisition of Mint Mobile and Ultra Mobile, two value-oriented brands, for up to $1.35 billion in cash and stock. Sign up and learn more about the CNBC Investing Club with Jim Cramer cnb.cx/3Ei22n4
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Опубликовано:

14 мар 2023

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Комментарии : 282

@roswell6162 Год назад

THIS YEAR I switched to mint mobile to get away from t-mobile so this sucks so bad.

@Grant849 Год назад

Same man, except I was leaving straight talk for like half the price

@melindahernandez8778 Год назад

UGH, SAME HERE

@Yuliette29 9 месяцев назад

Same! I had metro and then T-Mobile bought them. And now I’m gonna have to switch to visable

@razorbeard6970 15 дней назад

@@Yuliette29Mint was on their network prior to the purchase. Were you aware of that or do you just think the Mint brand will suffer from the buyout?

@supremeinnovationsllc Год назад

Congrats to him on the sale, but the users are totally screwed.

@kylenash1461 Год назад

Only if they raise the prices, which they claim they don’t plan on doing

@nvcn86 Год назад

@@kylenash1461 and i have a bridge to sale, cheap!

@FastDuDeJiunn Год назад

yea he says they wont.... but i find that hard to believe. only time will tell. cell phone business is such a giant scam. apple,android etc imo all ceos, board members etc should be in salt mines labor camps for the rest of their lives on a legit ball and chain.

@arkcorps9138 Год назад

@@kylenash1461 they haven’t claimed they won’t either they just said they will keep the $15 a month one

@kylenash1461 Год назад

@@arkcorps9138 oh God you’re right

@McLovin-. Год назад

I’m a huge Ryan remolds fan but honestly respect lost. He made mint mobile commercials bashing the big wireless companies and now he’s sold out to one

@delamain611 Год назад

I don't like how they heavily advertise their cheap plan, but you know most people are gonna go for the cheapest unlimited plan which is like 30 to $40 unless he lowered it, in which case if he did, ups to him, but yeah he never advertises their actual basic unlimited plans

@balothtower Месяц назад

I feel the same way but I imagine he's been under a lot of pressure from these large unstoppable monopolies. Not sure why people want to be dominated so badly

@celestialnubian Год назад

At this point it's hard to tell when Ryan is in character and when he's playing it straight. 🤣

@jubae5760 Год назад

he's is always being himself in movies

@bellawirwless5676 Год назад

🤣

@mikatteba225 Год назад

Great actors often play roles that suit their personality. That's why we hear things like "I see Denzel camping this role" or "Christian Bale is a better choice for this character than Morgan Freeman"

@IllusionSector Год назад

That is by far the slickest way to comment on that situation.

@ladonnaspearman Год назад

Yea he in business character right now but he is a business man 🤣

@manishsinghal9782 Год назад

whole time jim didn't ask a single question to Mike Sievert that what are they gonna do with brand and all the employees.

@invokedawolf Год назад

They don't care.

@DrDisinfect_TheWorld Год назад

Oh, if you Mint customers really believe they're not going to raise those prices....ok. Hold your breathe on that. You might as well have started counting down the days. In due time, we'll be watching some report with people complaining about how T-Mobile raised the prices. I guarantee it

@sitavita Год назад

yep, terrible when they bought Sprint. Finally was able to get away from them with a different company,

@michellewallace5685 Год назад

I'm waiting on TracFone going down the tubes still.

@taylorlane8257 4 месяца назад

Not like you can't switch before they change the price right? 😂😂. The plans are super easy to bail with and thats what makes it nice

@wango556 Год назад

6:30 he tells you exactly what his plan was with Mint originally. 7:45 he tells exactly what the plan is moving forward with Mint and T-Mobile

@effortLus Год назад

Time saver hero

@barnabybones2393 Год назад

We value our customers as much as the shareholders 😂🤣😂😅😂🤣😆 OMG that is hilarious

@cantbuyrespect Год назад

As a mint mobile customer I am not on board with this. The second they raise prices or force me to a locked phone I am out.

@davidnorth3411 Год назад

If you havent caught the irony of it all , the guy selling you affordable cell phone service as a partial owner has sold your loyalty to a giant of the industry , Walking out of a studio wearing magenta colored eyewear . The buyer didn’t need to advertise for these new customers , it just needed to write a fat check to a Hollywood Celebrity who Acts for a living .

@soldieroftafari Год назад

For real. Ryan sold out like a MF. But he made a grip so it shows where the intentions really lie

@philipjdry1234 Год назад

You should pay Ryan at least 7 billion for mint. As a mint mobile customer, raise one penny on the price and I'm switching to another service.

@dwaynebuffin-dp9dp Год назад

Same I’ve had mint for almost 3 years

@rickybobby7276 Год назад

They'll raise the price. It's inevitable. T Mobile now has a 7 billion dollar bill to pay.

@ANullAssault Год назад

@@dwaynebuffin-dp9dpmight as well move on anyway. T-Mobile is just going to throttle the hell out of mint mobile customer plans to "encourage" them to move to T-Mobile proper.

@UnbrokenWillll Год назад

Probably will increase the prices

@rickybobby7276 Год назад

Switch to metro pcs. Oh wait they were bought by t-mobile too.

@UnbrokenWillll Год назад

@@rickybobby7276 monopoly

@izzy_bozay Год назад

They always knew they were going to sell T-Mobile imo

@kellyac6410 Год назад

Yup, it was a scam to get more customers. Mint runs on the T-Mobile towers. Higher prices are soon to come.

@damham5689 Год назад

So Mint pricing will go up now ?

@youngblood6606 Год назад

T-mobile will F up Mint mobile

@thebugg333 Год назад

Mint mobile is T-mobile anyways, with just more control over an experimental prepaid service.

@youngblood6606 Год назад

@Zer01 I know, but I mean they have full control

@yeverett4533 Год назад

You summed it up perfectly!

@brianhasty6971 Год назад

WTF! R.I.P. Mint Mobile☹️

@blueice3124 Год назад

Ryan sold out, I'm going to miss those commercials

@soupnfresh Год назад

lol

@izzy_bozay Год назад

Me too

@TCV12 Год назад

He was a minority shareholder.

@CrashHoax Год назад

He's an investor, he did this too with Aviation Gin. He remains involved in the marketing for that, and may for this as well. He's going to sell Wrexham AFC eventually as well.

@DBX79 Год назад

I feel like T-Mobile just bullied their way in because people got sick of their service.

@heroman2372 Год назад

I literally left T-Mobile for Mint for better prices and now they're gonna skyrocket again

@DBX79 Год назад

@@heroman2372 Same here, I left t-mobile for their data gouging, and waste of money for a 50GB unlimited plan that went by in the background. They bought Mint Mobile just to get back the customers, and money they lost from bad business practices. If they keep it up I’ll switch from Mint Mobile to something prepaid or otherwise.

@quynhg4074 Год назад

Never heard someone says so many words but saying nothing at all! Should I call BS on this?

@DNOJ Год назад

Make one bad change and I will no longer use a phone

@marquettesmith6501 Год назад

The telecommunications giant T-Mobile announced it's buying the budget cell service provider Mint Mobile

@damham5689 Год назад

I think they bought Ryan Reynolds for his celebrity sales power.

@kingtryton Год назад

@@damham5689yea he will probably start showing up in T-Mobile commercials

@ScottDieken Год назад

if you are on a very strict budget, buying the same things every month sucks. If you can get a quantity discount and get three months' worth, then it's better and frees up your money on the months when you do not have to buy, for example, cell phone service.

@WhoBeSilly 7 месяцев назад

I was about to say, a lot of the naysayers here are complaining about possible rate hikes. But right now, you can pay only $90 for a total of 6 months of unlimited data/talk/text. T-Mobile only adds a lot of value to that with their more robust network coverage. It is definitely the best deal in town right now.

@kw4928 Год назад

So Ryan sold us out. Damnit. I've been using Mint since long before Ryan bought into it and wanted us to believe he was a man of the people providing a great service at a much more affordable price than the big cellular companies. B.S. We would all have been better off today if Ryan had never became an owner and sold us out for a profit. Bet your bottom dollar T-Mobile didn't buy it to compete with T-Mobile. Wow. Hard to still like the guy anymore... Ryan Renolds, you're no Ashton Kutcher. (Watch out Wrexham...you'll be next.)

@evacody1249 Год назад

😂🤣 compete, dude. Mint pays T Mobile to use there towers.

@apergiel Год назад

Ryan is fun. But…..This smacks of bait and switch. I switched from reliable steady Verizon to crappy mint because of cost…Once my 6 months is up, I’m going back. Show-biz is right!

@tedtyler9336 Год назад

Good bye low prices. Just got my extension for 360$ per year

@LoveIsWar977 Год назад

We will see what happens in a year, I have the 10gb plan for a year

@arkcorps9138 Год назад

I might get the 4gb plan I don’t trust T-Mobile with the unlimited plan they will force you to go to them

@dwaynebuffin-dp9dp Год назад

I was just about to renew my year

@huh4tofpv384 Год назад

Anything Cramer takes you to buy. Sell right then. He is the WORST predictor EVER

@LoveIsWar977 Год назад

Just hope prices stay the same, just got my 10gb a month for a year plan in Feb.

@sitavita Год назад

I wouldn't count on it. I hated my coverage etc when they bought Sprint.

@heroman2372 Год назад

Not happening. They're keeping the lowest price but nothing else.

@ouya_expert Год назад

Start looking for a new plan when your contract expires breh

@kareninalabama Год назад

I left Metro nearly 5 years ago and almost chose Mint, but went instead with Visible. I have no complaints. JS for those who may find they need to ditch Mint/TMobile (once prices inevitably increase.) I also hear good things about Tello. I chose Visible because I wanted/needed unlimited data, and it's been so much better than my Metro experience.

@justcausee Год назад

As a mint customer I did not know this happened. I will be canceling today.

@jillj303 9 месяцев назад

Who is your provider now?

@rondencer5227 Год назад

The reason I went with mint mobile because t mobile cut my device off,I would not not left t mobile. If cut me off again I will find some else.

@redefv Год назад

I like Ryan's business prowess. Kramit is a loser, though.

@kellyac6410 Год назад

Mint uses T-Mobile towers. This was the plan all along. They now have more customers. The big brands always buyout the smaller brands to create a monopoly. There is nothing that the consumers can do about it, just keep shopping around every few years for the newest budget phone plan. Not if, but when T-Mobile raises the rates, I guess I’ll give Straight Talk a chance. Oh wait, Straight talk was bought out by Verizon 🤨 See what I mean?

@evacody1249 Год назад

And Stright Talk was not good to being with an ways. Very few MVNOs give people premium high speed data in the USA in fact I can count them on two hands. Six of them do. Visiable, Xfinity, Spectrum, US Mobile, Cricket, and Google Fi. Four of those use Verizon. One uses ATT and one uses Tmobile. So yeah whatever you say.

@kellyac6410 Год назад

@@evacody1249 So, you just supported my opinion on big brands creating a monopoly?

@evacody1249 Год назад

@J C 😂🤣 no they don't have a monopoly. MVNOs don't compete with Verizon, ATT, and Tmobile. But yeah go on not understanding how it works.

@Yuliette29 9 месяцев назад

We’re so screwed. T-Mobile is about to raise everyone’s bills and I thought I escaped these stupid phone service providers

@CapAnson12345 Год назад

You cant blame Reynolds for taking the money.. that was a LOT.

@jimwilliams2068 Год назад

I think Ryan would do great re-creating the Rocket Man series from the past but with more humor (less vulgar language than Deadpool for younger fans)

@dustinlindsey4452 Год назад

So much for affordable phone service-nasty old T-Mobile has to get their fangs in everything. I give it 6 months from date of acquisition before they raise prices and screw over the Mint customers.

@cutthecheck Год назад

Ryan keeps getting richer

@HelloWorld-hb7yt Год назад

all about exit strategy....

@Jo3W3st Год назад

Ryan Reynolds is a great person but at the end of the day, he's not buying a company for long-term to build roots. It's to make it better and sell it at a profit. Mint mobile will raise its rates within a year. He did with his Aviation Gin Company and he's going to do the same with the Wrexham football league. So yes Ryan does care but only for as long as he owns the company.

@Tendomcgoobin Год назад

He is not a great person.

@jaimep3432 Год назад

Hes a conman

@bgriffis420 Год назад

And y😂u tools dissing a man that just made boat loads of cash in a very short amount of time while you still need sandwich meat every friday 😂

@WaysOfTheWarrior Год назад

If they wanted mint mobile customers so much all they had to do was lower their prices not buy out mint mobile. I bet you in the future they will raise prices even though they said they wouldn't.

@kevincolwell3066 Год назад

This is great for monopoly’s who likes to have choices.

@briandavis849 Год назад

way better investor than actor. good work i guess.

@Grant849 Год назад

Bru, I haven't even finished my year with mint. Maybe I can just buy 5 years and get locked in lol

@DeUndefined1 Год назад

I feel Mint Mobile should consolidate with the T-mobile Connect brand. It's nice that Mint is the driving force for the buyout.

@wango556 Год назад

That’s why T-Mobile bought Mint. To eliminate the competition for T-Mobile connect. This is how business works. Same reason Verizon bought Visible etc…

@DeUndefined1 Год назад

@Wango Verizon bought Tracfone. But before that, they built Visible Wireless. But I do think Mint should replace Connect. It makes more sense that way since it's really the cash cow. The reason Tmobile made Connect is because Verizon isnt allowing Tracfone to be wholesale anymore. So the connect brand was a response to Tracfone. But as far as Ultra Mobile? I really do feel at some point that they'll be consolidating Ultra with Metro since they is shutting down their retail stores.

@evacody1249 Год назад

@@wango556 and with Visiable you can get premium data and as if you had Verizons 80 dollar plan for 45 dollars a month. So what is your point?

@wango556 Год назад

@@evacody1249 it’s actually not premium Verizon but I feel you. That’s all I use is visible. Calm down bro

@igorschmidlapp6987 7 месяцев назад

T-Moble also bought MetroPCS, that also used T-Mobile's network. T-Mobile is just buying up all their MVNO partners now...

@DG-hw8it Год назад

Thanks for uploading 👍♥️

@noursaccount Год назад

Mint mobiles whole appeal was that it’s diffrent then big mobile. Idk

@greggg4011 4 месяца назад

I had Mint mobile for the 3 month trial period a couple of years ago. Connections were so bad I had to go back to T-Mobile.

@86Figs Год назад

But how will this benefit Mint mobile users?

@greenie923 Год назад

it won't

@77MAD77MAD77 Год назад

Stupid t-mobile they could've done the same thing that mintmobile did. I don't feel connected to mintmobile I just wanted affordable wireless if t-mobile did the same I would've took it. They just wanted to buy the customer base.

@stevenyu2977 Год назад

Where is FCC block merger?

@arolfghhfc Год назад

the question is, will they retain the customers?

@morg444 Год назад

sell out

@reecehupfer2682 Год назад

Wouldn’t you for 1.35b?

@soupnfresh Год назад

The answer I want to know is how much did he spend to buy into the company.

@CrashHoax Год назад

What were people expecting from an investor? Did they not see him cash out of Aviation Gin?

@jaimep3432 Год назад

@@reecehupfer2682 the problem is people feel lied too.

@reecehupfer2682 Год назад

@@jaimep3432 if something sounds too good to be true, it probably is

@geezerpleasers_OG Год назад

So the guy from T-Mobile, which torpedoed its own prepaid plans a few years ago, and doesn't provide low cost alternatives, tries to present himself as a champion of the little guy. Meanwhile, it's hysterical to listen to Reynolds spout buzzwords that he has no understanding of. Pretty sure he wouldn't know best practices if they bit him on the kropotkin. But the funniest of all was when he segued into talking about growing organizations in "organic ways." Umm, Ryan, mergers and acquisitions are the exact opposite of organic growth in a business. 🤣🤣🤣🤣

@ednafronkelbarger8601 Год назад

Exactly. The fastest way to bring the interview to a screeching halt would have been to ask Reynolds, "So, Ryan, what ARE the best practices in the telecommunications industry?"

@jackoftrades850 Год назад

Is there a stock for mint mobile

@IsaacsCOOLwhenitsHOT Год назад

This is just so they can build Wrexham into a Premiere League club

@DiseasedDreams Год назад

I was going to go from t-mobile to mint mobile. Guess I don't have to now.

@philipjdry1234 Год назад

Just to be safe, I'll be looking into other mvno services

@soupnfresh Год назад

How much did he spent to purchase a large portion of Mint.

@kmieciu4ever Год назад

Americans sure are wealthy :-) Here in Poland T-Mobile charges the equivalent of $9 for 150 GB of 5G Internet, with free 1080p video streaming ...

@NichoD3 Год назад

Oh no, now Ryan needs to sell ALL of his companies before they fall to the Cramer curse

@mongosoundsstudio1936 14 дней назад

Mr Reynolds you are one of my favorite people to watch, I love everything that you do All I can say is thank you for what you have created for people, good luck and please dear God,, watch your back

@AJMarraffa Год назад

8:30 This is so true. Leaders make or break things. Ryan seems confident they made a good decision selling, so hopefully the future for Mint is bright!

@jon-xq2lc Год назад

Here is what mint is doing. They raised data from let’s say you have the 10 g plan, to 15 for same price, mint-t-mobile now, will burn your data faster making you think you received a ‘deal’’. See ya Tmint-mobile ✌️

@synchronicity_guidance Год назад

David Glickman - Founder & Chief Executive Officer - Mint Mobile

@9Lando945 2 месяца назад

My quality of coverage and service has gone down since T-Mobile bought Sprint

@wc3362 Год назад

The intent was to always sell it. Everyone has a price

@Tessa_Wolf_ 2 месяца назад

This honestly just shows people who he really is. He had the trust of his fans, convinced people to use mint mobile. Now he sold to T-Mobile and is cashing out. Remember he’s an actor he can lie and it looks believable.

@daishi15 Год назад

very suave , Ryan Reynolds Mike Sievert

@cesarsalgadosalgado2199 Год назад

Can mint mobile please please add premium data to the unlimited data plan

@YSColin Год назад

So Mint is Big wireless now?

@jaredwhite489 Год назад

What’s to explain? He wanted to cash in an get paid.

@radioactivellama7192 Год назад

Time to start looking for a new provider.

@michaeljoseph7146 Год назад

MASHPEE, Mass. - What are the Chances of Ryan & Mint Mobile going down to the Cape too Help Everyone with their Phone & Services.. To Show Your Stuff of how to "Get it Done" People who live in Mashpee are sharing their frustrations and concerns over cellphone service that is so spotty in certain areas of the Cape Cod community that callers are not guaranteed to connect to 911. One Mashpee resident told NewsCenter 5 said her calls to first responders kept failing when her mother had a medical emergency at an assisted living facility. She said her calls kept dropping while she was trying to read off the list of her mother's medications.

@Every-picture-tells-a-story 5 месяцев назад

Ryan Rocks ❤

@lucuslopez6866 Год назад

I left MInt last month because of rumors they were selling to T mobile.

@rickybobby7276 Год назад

I'm sorry to all the Mint Mobile customers.

@felinoaaron846 Год назад

In my town mint Internet speed reach 900kbps amazing speed, and now with t mobol is about the same. Paying 10 gb per month barely I use 1 gb because the slow internet speed, Someone will refund me that? I'm gonna switch to Att,

@38kapz13 Год назад

Let me give you some advice, never have AT&T as top choice for anything. And this advice doesn't come from experience as a customer, it comes from my time as a customer service rep experience. It isn't the worst company but it isn't the top choice imo

@HTHAMMACK1 5 месяцев назад

I'll give you the only reason you need, 1.35 billion dollars. Ryan Reynold, who may be a nice, didn't buy Mint Mobile because he wanted to rescue people from large carriers. He did it to make money.

@911Truther69 2 месяца назад

*_This isn't so much an "interview" as it is a PR Campaign to "soften the blow" to Mint Mobile® customers and provide "cushioning" for T-Mobile® while they slather on the KY™ Jelly and prepare to ram the Mint Mobile® customer base._* 🥺

@JuliahistoryLover 3 месяца назад

I thought there were antitrust laws against monopolies

@evacody1249 27 дней назад

Mint has not and never was competing against T-Mobile. Mint goes up against other MVNOs.

@mytexasdays1526 Год назад

Customers lose.

@absolutetuber Год назад

So the guy uses his wit, charm, and fame to build a massive subscriber base (I think they do 100 million or more per year) then he sells out to a massive cellular provider conglomerate. Yes, it’s business, but dang. Touché, Mr. Reynolds, touché.

@DesmondErvin Год назад

Straight to his Wells Fargo account 🤑

@heroman2372 Год назад

R.I.P. affordable phone service

@abel1955 Год назад

Just got out of T-Mobile to change to mint only to get back lol Well until they increase prices, I’ll switch to us cellular

@FinanceWisdomTech Год назад

HE MADE 0.3 BILLION IN THIS DEAL.

@rcruz1209 Год назад

Loving the magenta glasses 👓😄

@longbeach225 Год назад

I have MetroPCS and it was better before TMobile took over. The coverage is not great.

@mikenyc1589 Год назад

Do you really think that T-Mobile is going to send customers to Mint...hahahaha

@99HockeyDad99 Год назад

He owned 20-25% There would have been a bunch of debt What was the equity value? He can buy the Ottawa Senators himself now!!

@peterl.104 Год назад

Now I can’t hope to see an ad jokingly telling me that Mint is going to be sold to an alcohol company that makes mint cocktails. Maybe he will do one where he’s thinking of selling Aviation Gin to Boeing.

@danlaetsch8493 9 месяцев назад

Mint mobile totally sucks! Don't waste your time, good luck with a refund. They're not interested in honesty or good service. Typical overseas phone staff that can't understand properly and thusly it becomes extremely frustrating to get anything accomplished.

@bobrooney5315 Год назад

Obey. Consume. Conform. Submit. Buy.

@funbiz3082 Год назад

Tmobile bought a competitor for $1.35B? Dang!! I have unlimited plan with Tmobile for $40. Mint Mobile has unlimited plan for $180. That's a difference of $140. Yes, folks Tmobile bought Mint to silence the competition. They only bought Mint for the customers.

@supremeinnovationsllc Год назад

Intro pricing to the unlimited plan is 15/month or 30/month after the promo. Your math does not work