The US Federal Communications Commission on Thursday said it’ll approve T-Mobile’s deal to acquire Ka’ena Corporation, the parent company of prepaid wireless brands Mint Mobile and Ultra Mobile, according to Reuters. The deal could be worth up to $1.35 billion.
The move would allow T-Mobile to more directly operate the brands, which already run on its network. The FCC says the agreement will allow Mint Mobile and Ultra Mobile customers to more easily switch service providers, Reuters reports. After getting regulatory approval, T-Mobile reportedly anticipates closing the deal on May 1.
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The FCC and T-Mobile didn’t immediately respond to CNET’s request for comment.
T-Mobile shared that it had reached an agreement to acquire Ka’ena Corporation last March, noting the deal would include a “combination of 39% cash and 61%…
