T-Mobile Reaches Agreement to Acquire Mint Mobile for Up to $1.35B
I&#x27;ve been a Mint customer for about 4 years, paying the annual upfront payment, which works out to $15&#x2F;mo.  And shaking my head at those who are paying double or triple that rate on T-Mobile, even though Mint uses the same exact network.<p>In terms of why T-Mobile is making this purchase, I&#x27;m pretty sure it&#x27;s to take out someone who was eating their lunch.<p>I&#x27;ve always found it strange that an MVNO is able to operate on the T-Mobile network the entire time and undercut their rates so much that they become a threat.<p>I guess T-Mobile thinks there are two ways to resolve this: lower their rates to compete with the MVNO, or buy the MVNO ... which I&#x27;m sure will result in rate increases, even though they say they have no immediate plans to do that.