The Washington-based telecom giant said it will pay up to US$1.35 billion in cash and stock to acquire Ka’ena Corporation, the parent company of Mint Mobile, Ultra Mobile and Plum, a wholesale wireless solutions provider. (The Logic)

Talking point: The Canadian actor purchased a 25 per cent stake in the budget wireless service provider in November 2019, according to PitchBook. Reynolds joined T-Mobile CEO Mike Sievert to make the announcement in a video in his signature fashion. He joked that he hopes his experience at T-Mobile will be better than that of a family, which he explains is “a place for misdirected hopes and dreams.” Expect more of that kind of banter from Reynolds, who will remain with the brand in his creative role. “T-Mobile has assured me that our incredibly improvised and borderline reckless messaging strategy will also remain untouched,” he said to a surprised Sievert in the video.