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In 2015, Ultra Mobile was ranked number 1 in Inc. magazine's list of the 5,000 fastest growing private companies in the United States, with a year-over-year growth rate of 100,849% and revenues of US$118 million in 2014, up from less than a million in 2012.
The company was founded in 2015 as Mint SIM, a subsidiary of Ultra Mobile, by David Glickman and Rizwan Kassim. [3]In November 2019, the corporate spin-off of Mint Mobile from Ultra Mobile was completed [4] and Ryan Reynolds acquired 25% ownership in the company.
The company owns 700 MHz licenses covering about 85% of the US population. 13 ... Ultra Mobile was acquired alongside Mint Mobile by T-Mobile US on May 1, 2024.
Who owns T-Mobile? T-Mobile's largest shareholder is Deutsche Telekom AG, a German telecommunications company. KfW, Germany's state-owned bank, owns 16.63% of Deutsche Telekom AG, as of December 2023.
Mobile virtual network operators (MVNOs) in the United States lease wireless telephone and data service from the four major cellular carriers in the country—AT&T Mobility, Boost Mobile, T-Mobile US, and Verizon—and offer various levels of free and/or paid talk, text and data services to their customers.
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Based in New York, New York, US Mobile was founded in 2015 by CEO Ahmed Khattak as a GSM-based service provider. [7] Khattak was born in Pakistan in 1986. [8] In late 2016, US Mobile had reported roughly 20,000 customers. By 2018, the company's customer base had reached 50,000. [9] In 2020, the company claimed about 250,000 customers. [10]
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