The US’s number No. 3 carrier T-Mobile said it will acquire Layer3 TV, which has launched an alternative cutting-the-cord cable service in a handful of markets and plans to go national in 2018. The move will help T-Mobile compete with rival AT&T, which owns DirecTV and markets the pay service to its customers in bundles for lower wireless rates.
“People love their TV, but they hate their TV providers,” said T-Mobile CEO John Legere. “And worse, they have no real choice but to simply take it – the crappy customer service, clunky technology and outrageous bills loaded with fees!”
Legere vowed to change the way consumers look at pay TV, with fewer pain points and more choices. Layer3’s current offering is in Los Angeles, Chicago, Denver and Washington DC. In Los Angeles, it offers 275 channels and a DVR box for US$75 monthly, which isn’t that competitive with cable. Spectrum, for instance, charges US$70 monthly for 200 channels, and unlike Layer3, Spectrum customers don’t need to already have an internet connection, which adds to the monthly bill.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Health Care Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
NY AG Joins Suit Challenging NCAA’s Restrictions on Student Athlete NIL Rights
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI