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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read "American Idol" mulls voting tweaks to fix boy bias 20 Apr 2011 Supporters of WikiLeaks soldier heckle Obama 2:38pm EDT Dollar tumbles broadly; all-time index low in sight 3:11pm EDT Lawsuits fly in BP's Gulf spill blame game | 3:27pm EDT Archbishop praises "unpretentious" Kate and William 12:35pm EDT Discussed 97 Palin returns with feisty, anti-establishment speech 48 Budget vote shows challenge for Boehner, Obama 43 Obama private comments show fight with Republicans Watched VW unveils new sporty Beetle Mon, Apr 18 2011 Apple, AmEx, Yum top forecasts 3:38am EDT Oscar-nominated director killed in Libya 6:05pm EDT SMALL BUSINESS Entrepreneur's Edge: Instant translation on your smartphone When Otavio Good released the first video of his Word Lens translation app in use, it became a viral phenomenon. Since then he's been busy recruiting programmers to help roll it out to include more languages beyond the original Spanish. Full Article | Video New app calculates calories through photos of food Common budget mistakes for tech startups Verizon CFO says not pursuing Web video for now Tweet Share this NEW YORK (Reuters) - Verizon Communications has considered developing an Internet video service that would work outside of its network region but is not pursuing it right now, according to the company's chief financial officer. Instead Verizon is... Email Print An Apple iPad is pictured showing live television channels through a software application for Verizon FiOS TV customers during a demonstration in New York, August 18, 2010. Credit: Reuters/Brendan McDermid Related News NY Times gains online subscribers, but woes linger 1:35pm EDT iPhone helps Verizon, but not enough for some 12:54pm EDT AT&T weathers loss of iPhone exclusivity Wed, Apr 20 2011 Sprint CEO blasts AT&T/T-Mobile mega-deal Fri, Apr 15 2011 Level 3 adds muscle with $1.9 billion Global Crossing buy Mon, Apr 11 2011 Analysis & Opinion Tech wrap: Apple raises the earnings bar The cloud is not just about storage Related Topics Technology » Media » Stocks NEW YORK | Thu Apr 21, 2011 3:20pm EDT NEW YORK (Reuters) - Verizon Communications has considered developing an Internet video service that would work outside of its network region but is not pursuing it right now, according to the company's chief financial officer. Instead Verizon is putting all its attention on increasing the number of customers that subscribe to its FiOS TV service in order to help pay for the $23 billion it spent building a fiber network for FiOS, Fran Shammo said on Thursday. "Our concentration is to expand our penetration for FiOS right now," Shammo told Reuters in a telephone interview. The success of DVD rental company Netflix Inc's instant view Web video service has generated a lot of industry questions about what pay-TV providers can do to compete and retain customers as such so-called "over-the-top" services do not require a cable subscription. "It's something that we've looked at. It's not something that's top of mind for us," Shammo said. He said that it would be hard to create a successful "over-the-top" business model without offering something that's very different to what consumers can already get. Instead Shammo said his company is focused on negotiating with content providers to expand Verizon's agreement beyond the living room TV to mobile devices like phones and tablets. "That's the bigger issue on our minds, to put our content on mobile devices," he said. Earlier in the day Verizon said it ended the second quarter with 4.3 million FiOS Internet customers and 3.7 million FiOS TV customers in its quarterly report. (Reporting by Sinead Carew; editing by Dave Zimmerman) Technology Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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