Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

T-Mobile-Layer3TV deal costs $325 million

Layer3TV, the Denver-based Multichannel Video Programming Distributor (MVPD) has officially become a part of T-Mobile as it got sold to the latter in $325 million. T-Mobile noted that the final value of the deal remains subject to customary working capital and other post-closing adjustments.

T-Mobile which is planning to use the acquisition to underpin the launch of a “disruptive new TV service” states that its service won’t be a copy of another skinny bundle of OTT TV services.

In addition to traditional pay TV operators, T-Mobile’s OTT TV will compete with a growing group of virtual MVPDs that include DirecTV Now, fuboTV, Hulu, YouTube TV, Philo, PlayStation Vue, and Sling TV.

T-Mobile’s pay-TV service is set to be a true OTT platform as consumers will be able to access the service through an internet connection.

Tags

Latest Tweets

Join Us On Facebook

Subscribe to our Newsletter


We use cookies for best experience on website. By using our site you agree to

Cookies Policy