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Joe Hernandez

T-Mobile buys Ryan Reynolds' Mint Mobile in a $1.35 billion deal

Ryan Reynolds Mint Mobile TMobile Mike Sievert Tammy Reynolds Plum Ultra Mobile

Actor Ryan Reynolds is part owner of Mint Mobile and stars in ads for the budget cellular carrier which is being sold to T-Mobile. (Lisa O'Connor/AFP via Getty Images)

The telecommunications giant T-Mobile announced it's buying the budget cell service provider Mint Mobile — best known for its ads with actor and part-owner Ryan Reynolds. The cash-and-stock deal, which includes two other brands, is worth $1.35 billion.

T-Mobile CEO Mike Sievert said Wednesday that the company would use its size and resources to "supercharge" Mint, which uses T-Mobile's wireless network and offers plans for as little as $15 per month.

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