T-Mobile US Inc said on December 13 that it would launch a new streaming television service next year after buying startup Layer3 TV for an undisclosed amount. The moves come as competitors seek ways to provide content to win over customers in a saturated mobile market, and after the No 3 US wireless carrier and No 4 rival Sprint Corp ended merger talks last month.
T-Mobile Chief Financial Officer Braxton Carter said last week at an investor conference that the company would now focus on smaller, "tuck-in" acquisitions. T-Mobile plans to launch a subscription service with advertising next year using Layer3's technology platform and relationships with content providers. The company will create a "variety of offers," some low cost, its executives said on a conference call with reporters.
While T-Mobile will not rule out original content, it will not be a focus to start, Chief Operating Officer Mike Sievert said.
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