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Yahoo! and T-Mobile Agree to Enter Into Strategic Partnership
Agreement Sets the Stage for Yahoo! oneSearch to Become the Mobile
Search Service in European T-Mobile Markets
Companies Plan to Co-Develop Innovative Search Features
BARCELONA, Spain, Feb 12, 2008 (BUSINESS WIRE) -- Yahoo! (Nasdaq:YHOO), a leading global Internet company, has agreed to enter into a new strategic partnership with T-Mobile to bring Yahoo!'s industry-leading mobile services to millions of consumers in T-Mobile's European footprint. This agreement sets the stage for Yahoo! oneSearch to become the exclusive mobile search service for T-Mobile customers beginning at the end of March, 2008.
"T-Mobile's decision to work with Yahoo! is a clear demonstration of the strength of our industry-leading mobile search service and our ability to work with partners to give consumers the best possible mobile Internet experience," says Marco Boerries, executive vice president, Connected Life, Yahoo! Inc. "Just one year ago we successfully reinvented mobile search with Yahoo! oneSearch and we have delivered on its promise as we work to establish Yahoo! as the starting point for the mobile Web. Soon we will bring this compelling experience to T-Mobile's millions of consumers across Europe."
"As a pioneer for the open mobile internet with web'n'walk, we give our customers instant and direct access to all available internet services, such as information, content, and communities," says Christopher Schlaffer, Group Products & Innovation Officer, T-Mobile. "With Yahoo!, we combine our joint innovation power to bring the mobile Internet even closer to our customers. oneSearch, the best search product on the market, is a prime example here."
Yahoo! oneSearch quickly and easily delivers relevant results and instant answers to search queries, removing the need for consumers to navigate through a sea of PC Web links. oneSearch provides consumers with access to news, financial information, weather conditions, photos, Web images, and Web and Mobile Web sites. The companies plan to make the new service available in T-Mobile's European footprint. In addition, the companies intend to work together to create a differentiated Yahoo! oneSearch experience for T-Mobile customers in the future.
The two companies also plan to work together to bring additional Yahoo! services including Flickr, Yahoo! Messenger, Yahoo! Mail, Yahoo! Weather and Yahoo! Finance to T-Mobile customers.
About Yahoo!
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California. For more information, visit pressroom.yahoo.com or the company's blog, Yodel Anecdotal.
Yahoo!, Yahoo! oneSearch, and the Yahoo! and Y! logos are trademarks and/or registered trademarks of Yahoo! Inc. All third party marks are the trademarks of their respective owners.
This press release contains forward-looking statements that involve risks and uncertainties concerning Yahoo!'s proposed partnership with T-Mobile (including without limitation the statements contained in the quotations from management in this press release), as well as Yahoo!'s strategic and operational plans. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, the possibility that a definitive partnership agreement may not be entered into or may be delayed; the possibility that the expected or planned implementations of the partnership described may be delayed, may not ultimately be implemented, or if implemented may not be successful; and that the anticipated benefits to T-Mobile, Yahoo!, customers and users may not be realized. More information about potential factors that could affect Yahoo!'s business and financial results is included under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the Company's Annual Report on Form 10-K for the year ended December 31, 2006 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, which are on file with the SEC and available at the SEC's website at www.sec.gov.
SOURCE: Yahoo! Inc.
Yahoo! Inc. Nicole Leverich, 408-349-5583 nicolewl@yahoo-inc.com
Copyright Business Wire 2008
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