Verizon CEO says not interested in Dish, focus on online streaming

Verizon's CEO Lowell McAdam shot down rumors that the company was in potential merger talks with satellite operator Dish Network, days after rival AT&T announced plans to buy no 1. US satellite operator DirecTV.

"I know there are reports out there that we are talking to Dish. I can tell you now that is someone's fantasy. There were not, and there are not, discussions going on with Dish," McAdam told investors at the JP Morgan Global Technology, Media and Telecom Conference.

"I don't think owning a satellite company is something I'm interested in at this point," he said adding the company's focus was on over-the-top programming, meaning content utilized over a network, but not offered by a network operator.