Trending: Nintendo reveals long-anticipated fifth DLC fighter to ‘Smash Brothers’ roster, with six more coming
T-Mobile CEO John Legere. (GeekWire Photo / Todd Bishop)

T-Mobile paid $325 million for Layer3, the Denver-based company that will form the backbone of the self-proclaimed Un-carrier’s TV service set to launch later this year, according to a filing with the U.S. Securities and Exchange Commission.

The deal closed last month, and the price of the acquisition was revealed today in SEC filings related to T-Mobile’s fourth quarter and annual financials. With the acquisition, first announced in December, T-Mobile is positioning itself to take on cable providers like Comcast in the same way it has battled mobile rivals AT&T and Verizon.

The new TV initiative will be led by Jeff Binder, CEO of Layer3 and now an executive vice president at T-Mobile. He will be joined by close to 200 others from Layer3, including former executives from AT&T, Fox, Comcast, Time Warner and more.

Jeff Binder, CEO of Layer3 TV poses with T-Mobile CEO John Legere and other T-Mobile executives. (T-Mobile Photo)

T-Mobile TV will work over a regular home cable, DSL connection, or any other type of internet connection. T-Mobile is looking to leverage its own wireless network for the service, a key potential advantage vs. other “over the top” IP-based TV offerings.

T-Mobile is betting big on next-generation 5G wireless to make wireless connections just as fast as home internet. T-Mobile is targeting 2020 for a national rollout of its 5G network, in part by leveraging spectrum it won in this year’s FCC auction.

Layer3 has developed an IP-based TV service, including a set-top box, and the company touts its relationships with content providers as one of its key advantages. As T-Mobile builds out its new TV service, Layer3 products will be available in some T-Mobile stores in Denver, Los Angeles, Washington D.C., Dallas and Chicago.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline


Job Listings on GeekWork

Find more jobs on GeekWork. Employers, post a job here.