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Verizon CEO says no need to buy DIRECTV

NEW YORK (Reuters) - Verizon Communications Inc VZ.N has no need to buy DIRECTV DTV.O, the company's Chief Executive said on Friday in response to a question about recent speculation the Verizon might buy the satellite TV provider.

“There’s nothing to that,” Seidenberg told Reuters on the sidelines of a Nasdaq conference about corporate governance. “We don’t have any strategic need.”

He noted that DIRECTV is a good partner to Verizon, which is building out a video service and does not have nationwide coverage, unlike DirecTV.

Liberty Media Corp LINTA.OLCAPA.OLSTZA.O recently split off DIRECTV, fueling speculation that a big telephone company marketing partner like Verizon or AT&T Inc T.N could buy the satellite provider.

Reporting by Sinead Carew, editing by Gerald E. McCormick

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