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.
Reporting by Sinead Carew, editing by Gerald E. McCormick
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