Ryan Reynolds explains sale of Mint Mobile to T-Mobile
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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Пікірлер: 281
THIS YEAR I switched to mint mobile to get away from t-mobile so this sucks so bad.
@Grant849
Жыл бұрын
Same man, except I was leaving straight talk for like half the price
@melindahernandez8778
Жыл бұрын
UGH, SAME HERE
@Yuliette29
8 ай бұрын
Same! I had metro and then T-Mobile bought them. And now I’m gonna have to switch to visable
Congrats to him on the sale, but the users are totally screwed.
@kylenash1461
Жыл бұрын
Only if they raise the prices, which they claim they don’t plan on doing
@nvcn86
Жыл бұрын
@@kylenash1461 and i have a bridge to sale, cheap!
@FastDuDeJiunn
Жыл бұрын
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
Жыл бұрын
@@kylenash1461 they haven’t claimed they won’t either they just said they will keep the $15 a month one
@kylenash1461
Жыл бұрын
@@arkcorps9138 oh God you’re right
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
11 ай бұрын
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
25 күн бұрын
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
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
Жыл бұрын
They don't care.
At this point it's hard to tell when Ryan is in character and when he's playing it straight. 🤣
@jubae5760
Жыл бұрын
he's is always being himself in movies
@bellawirwless5676
Жыл бұрын
🤣
@mikatteba225
Жыл бұрын
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
Жыл бұрын
That is by far the slickest way to comment on that situation.
@ladonnaspearman
Жыл бұрын
Yea he in business character right now but he is a business man 🤣
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
Жыл бұрын
Time saver hero
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
Жыл бұрын
yep, terrible when they bought Sprint. Finally was able to get away from them with a different company,
@michellewallace5685
Жыл бұрын
I'm waiting on TracFone going down the tubes still.
@taylorlane8257
3 ай бұрын
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
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.
So Mint pricing will go up now ?
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
Жыл бұрын
For real. Ryan sold out like a MF. But he made a grip so it shows where the intentions really lie
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
Жыл бұрын
Same I’ve had mint for almost 3 years
@rickybobby7276
Жыл бұрын
They'll raise the price. It's inevitable. T Mobile now has a 7 billion dollar bill to pay.
@ANullAssault
Жыл бұрын
@@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.
Probably will increase the prices
@rickybobby7276
Жыл бұрын
Switch to metro pcs. Oh wait they were bought by t-mobile too.
@UnbrokenWillll
Жыл бұрын
@@rickybobby7276 monopoly
T-mobile will F up Mint mobile
@thebugg333
Жыл бұрын
Mint mobile is T-mobile anyways, with just more control over an experimental prepaid service.
@youngblood6606
Жыл бұрын
@Zer01 I know, but I mean they have full control
@yeverett4533
Жыл бұрын
You summed it up perfectly!
They always knew they were going to sell T-Mobile imo
@kellyac6410
Жыл бұрын
Yup, it was a scam to get more customers. Mint runs on the T-Mobile towers. Higher prices are soon to come.
We value our customers as much as the shareholders 😂🤣😂😅😂🤣😆 OMG that is hilarious
WTF! R.I.P. Mint Mobile☹️
Monopoly. The price will go up and remoylds is a sell out. Why hasn’t t-mobile competed with mint previously? 🌞
@dwaynebuffin-dp9dp
Жыл бұрын
He actually did he was forced by his masser and T-Mobile customer service sucks ass
Ryan sold out, I'm going to miss those commercials
@soupnfresh
Жыл бұрын
lol
@izzy_bozay
Жыл бұрын
Me too
@TCV12
Жыл бұрын
He was a minority shareholder.
@CrashHoax
Жыл бұрын
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.
I feel like T-Mobile just bullied their way in because people got sick of their service.
@heroman2372
Жыл бұрын
I literally left T-Mobile for Mint for better prices and now they're gonna skyrocket again
@TangibleThings
Жыл бұрын
@@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.
Never heard someone says so many words but saying nothing at all! Should I call BS on this?
Make one bad change and I will no longer use a phone
The telecommunications giant T-Mobile announced it's buying the budget cell service provider Mint Mobile
@damham5689
Жыл бұрын
I think they bought Ryan Reynolds for his celebrity sales power.
@kingtryton
Жыл бұрын
@@damham5689yea he will probably start showing up in T-Mobile commercials
Just hope prices stay the same, just got my 10gb a month for a year plan in Feb.
@sitavita
Жыл бұрын
I wouldn't count on it. I hated my coverage etc when they bought Sprint.
@heroman2372
Жыл бұрын
Not happening. They're keeping the lowest price but nothing else.
@ouya_expert
Жыл бұрын
Start looking for a new plan when your contract expires breh
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!
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.
Anything Cramer takes you to buy. Sell right then. He is the WORST predictor EVER
Thanks for uploading 👍♥️
Good bye low prices. Just got my extension for 360$ per year
@LoveIsWar977
Жыл бұрын
We will see what happens in a year, I have the 10gb plan for a year
@arkcorps9138
Жыл бұрын
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
Жыл бұрын
I was just about to renew my year
way better investor than actor. good work i guess.
As a mint customer I did not know this happened. I will be canceling today.
@jillj303
8 ай бұрын
Who is your provider now?
all about exit strategy....
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
Жыл бұрын
He is not a great person.
@jaimep3432
Жыл бұрын
Hes a conman
@bgriffis420
Жыл бұрын
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 😂
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)
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
6 ай бұрын
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.
You cant blame Reynolds for taking the money.. that was a LOT.
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.
This is great for monopoly’s who likes to have choices.
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
Жыл бұрын
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
Жыл бұрын
@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
Жыл бұрын
@@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
Жыл бұрын
@@evacody1249 it’s actually not premium Verizon but I feel you. That’s all I use is visible. Calm down bro
@igorschmidlapp6987
6 ай бұрын
T-Moble also bought MetroPCS, that also used T-Mobile's network. T-Mobile is just buying up all their MVNO partners now...
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
Жыл бұрын
😂🤣 compete, dude. Mint pays T Mobile to use there towers.
I like Ryan's business prowess. Kramit is a loser, though.
Ryan keeps getting richer
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.
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.
Is there a stock for mint mobile
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
Жыл бұрын
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
Жыл бұрын
@@evacody1249 So, you just supported my opinion on big brands creating a monopoly?
@evacody1249
Жыл бұрын
@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.
sell out
@reecehupfer2682
Жыл бұрын
Wouldn’t you for 1.35b?
@soupnfresh
Жыл бұрын
The answer I want to know is how much did he spend to buy into the company.
@CrashHoax
Жыл бұрын
What were people expecting from an investor? Did they not see him cash out of Aviation Gin?
@jaimep3432
Жыл бұрын
@@reecehupfer2682 the problem is people feel lied too.
@reecehupfer2682
Жыл бұрын
@@jaimep3432 if something sounds too good to be true, it probably is
Ryan Rocks ❤
Mint mobiles whole appeal was that it’s diffrent then big mobile. Idk
Bru, I haven't even finished my year with mint. Maybe I can just buy 5 years and get locked in lol
But how will this benefit Mint mobile users?
@greenie923
Жыл бұрын
it won't
How much did he spent to purchase a large portion of Mint.
So Mint is Big wireless now?
the question is, will they retain the customers?
very suave , Ryan Reynolds Mike Sievert
Just to be safe, I'll be looking into other mvno services
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.
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!
I was going to go from t-mobile to mint mobile. Guess I don't have to now.
David Glickman - Founder & Chief Executive Officer - Mint Mobile
We’re so screwed. T-Mobile is about to raise everyone’s bills and I thought I escaped these stupid phone service providers
I'm sorry to all the Mint Mobile customers.
Obey. Consume. Conform. Submit. Buy.
Time to start looking for a new provider.
Loving the magenta glasses 👓😄
Where is FCC block merger?
Straight to his Wells Fargo account 🤑
I thought there were antitrust laws against monopolies
R.I.P. affordable phone service
Can mint mobile please please add premium data to the unlimited data plan
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.
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.
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
Жыл бұрын
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
This is just so they can build Wrexham into a Premiere League club
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 ...
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.
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.
What’s to explain? He wanted to cash in an get paid.
Proud of this Jellybean in so many ways :')
I was thinking like a new top of the line phone maybe, but pink shades psssh!!
Oh no, now Ryan needs to sell ALL of his companies before they fall to the Cramer curse
The intent was to always sell it. Everyone has a price
My quality of coverage and service has gone down since T-Mobile bought Sprint
"Dunddler Mifflin paper company buy Michael Scott paper company " 😅😅😅😅😅
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 ✌️
I left MInt last month because of rumors they were selling to T mobile.
T-Mobile sponsor on Wrexham FC Jersey
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
Жыл бұрын
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?"
1.3 billion dam
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
Make it available in Canada please!!!
Do you really think that T-Mobile is going to send customers to Mint...hahahaha
❤😊
I have MetroPCS and it was better before TMobile took over. The coverage is not great.
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.
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.
Is mint mobile available on the stock market?
T mobile just acquired Deadpool...marvel won't mind
Ryan Reynolds is such a sharp guy. Congratulations!
His commercials and KZread ads all seemed sincere. Bottom line EVERYONE HAS THEIR PRICE.
you can keep your magenta swag.. if I wanted it I would have had T-mobile