T-Mobile officially announced its plans to launch a new OTT business with the acquisition of startup company Layer3 TV.
T-Mobile US Inc. is entering the U.S. streaming service market in 2018. The company’s recent acquisition of Layer3 TV, Inc. is intended to boost its streaming service business. T-Mobile will leverage LTE network speeds and Layer3 TV’s technology to roll out streaming TV service.
COO, Mike Sievert said, “We’re not going to give the world just another me-too copycat skinny bundle loaded with tradeoffs. Sure people want great value, but they don’t want to be stuck with TV on a diet.”