Ryan Reynolds sells his Mint Mobile company to T-Mobile in a $1.35 billion deal

New York () — Ryan Reynolds is about to have a good earnings day.

T Mobile announced on wednesday which will buy wireless service provider Mint Mobile in a deal for up to $1.35 billion. The acquisition of Ka’ena Corporation, parent of Mint Mobile, will also include Ultra Mobile, an international calling service, and wireless wholesaler Plum.

Reynolds, who bought a minority stake in Mint Mobile In 2019, he will remain in his “creative role on behalf of the Mint,” where he serves as a spokesperson, according to a press release announcing the deal.

“I never dreamed that I would own a wireless company and I certainly never dreamed that I would sell it to T-Mobile,” wrote Reynolds on Twitter on Wednesday. “Life is strange and I am incredibly proud and grateful.”

When Reynolds bought a stake in the Mint, he called the decision “unconventional” in a statement at the time. “Celebrities often invest in high-end products like skin care brands or delicious gin companies,” he said.

Mint Mobile was created in 2016 with the goal of offering an “affordable premium wireless” service to consumers, according to their website. In his 2019 statement, Reynolds said he was “excited to champion a more practical approach to the most essential technology.”

T-Mobile hopes to boost its own prepaid services with the acquisition of Mint Mobile. CEO Mike Sievert, joined by Reynolds, said in a YouTube video posted Wednesday that the Mint’s $15-a-month plan would stick. The brand’s two founders will also stay on to manage what will “generally operate as a separate business unit,” according to the statement.

“In the long run, we will also benefit from applying the marketing formula Mint has become famous for in more parts of T-Mobile,” Sievert wrote.

The deal is expected to close later this year, with the final price depending on Ka’ena’s performance.

‘s Allen Kim contributed to this report.