T-Mobile US will launch a new television service in 2018 and acquire television technology company Layer3 TV for an undisclosed amount as part of its plans, it said on Wednesday.

The No. 3 US wireless carrier’s announcement comes after its board last week approved its first-ever buyback program, a month after the company and rival Sprint Corp ended deal talks.

Chief Financial Officer Braxton Carter said at the time that the company was focused on smaller, “tuck-in” acquisitions, noting that such deals would be another use of cash.

Layer3 TV integrates television, online video content and social media and is available in five cities across the United States, T-Mobile said.

T-Mobile shares were up 1.3 percent at $64.30 in Wednesday morning trading.