updated 04:45 pm EST, Fri December 11, 2009
Verizon disspels rumors of buying DirecTV
Verizon's chief executive on Friday dispelled rumors about the telecommunications company's interest in buying satellite TV provider DirecTV. Ivan Seidenberg believes his company has no need for DirecTV as Verizon already offers its own HDTV service, FiOS TV.
"There's nothing to that," said Seidenberg, "We don't have any strategic need."
The rumors began after Liberty Media Corp recently spun off DirecTV, leading many to believe a big telecoms company may soon snap it up. Seidenberg went on to say DirecTV is a good partner to Verizon.