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T-Mobile announced today that it has closed its acquisition of pay TV startup Layer3 TV, just about five weeks after first touting the deal.
No deal terms have been announced.
The wireless company said last month that it plans to launch a “disruptive” video service based on the back of Layer3 TV. The startup specializes in managed delivery of video over IP network and is targeting an upscale market that wants a traditionally large pay TV bundle but craves better service and premium equipment. Denver-based Layer3 TV launched in several markets over the last 18...