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T-Mobile jumps into digital TV with Layer3 acquisition

AP Photo/Hermann J. Knippertz

T-Mobile, which has risen to become the nation's third-largest wireless provider, is buying digital cable startup Layer3 TV to launch a nationwide digital internet-TV service in 2018, the company announced Wednesday.

Why it matters: T-Mobile joins AT&T and Verizon in launching its own video service, creating another challenger to traditional cable and satelite TV providers, which have been losing pay-TV subscribers as they migrate towards cheaper, digital options.