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UPDATE 2-T-Mobile to launch new television service in 2018, acquire Layer3 TV

UPDATE 2-T-Mobile to launch new television service in 2018, acquire Layer3 TV
From Reuters - December 13, 2017

NEW YORK (Reuters) - T-Mobile US Inc will launch a new television service in 2018 and acquire television technology company Layer3 TV Inc for an undisclosed amount, the U.S. No. 3 wireless carrier said on Wednesday.

The moves come a month after T-Mobile and rival Sprint Corp ended merger talks. Chief Financial Officer Braxton Carter said at the time the company would instead focus on smaller, tuck-in acquisitions. Last week T-Mobiles board approved its first-ever share buyback program.

Layer3 TV integrates television, online video content and social media and is available online and on mobile devices in five cities across the United States, T-Mobile said.

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