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AT&T and Yahoo! Issue Statement About Partnership
SAN ANTONIO, and SUNNYVALE, Calif., March 9 /PRNewswire-FirstCall/ -- AT&T Inc. , the nation's leading broadband, wireless and voice services company, and Yahoo! Inc. , a leading global Internet destination, today responded to speculation regarding their partnership.
As part of our ongoing business agreement, Yahoo! and AT&T are constantly discussing opportunities to expand our relationship and associated revenue streams. Current and future plans include:
-- Earlier this year, the companies introduced advertising on the front
page of the co-branded portal;
-- Later this month, the companies are introducing advertising on their
co-branded mail service;
-- AT&T and Yahoo! are discussing ways to expand the partnership in the
mobile arena, now that AT&T has 100% ownership of Cingular (after its
acquisition of BellSouth); and
-- Yahoo! services will be introduced into AT&T's IPTV experience later
this year.
According to Randall L. Stephenson, AT&T Chief Operating Officer, "Great partnerships must continuously work together to adapt to changing market conditions and changing strategies. We consider our partnership with Yahoo! a great partnership and want to continue building on our complementary skills and expertise."
Terry Semel, Chairman and Chief Executive Officer of Yahoo! said: "Our landmark, strategic partnership set the standard and has given Yahoo! and AT&T the opportunity to create truly innovative offerings for consumers and advertisers. AT&T and Yahoo! have already made adjustments over the years to reflect competitive conditions and the relative benefits each party brings to the relationship. As we continue our conversations, we have a common goal to increase the economic benefits for both parties."
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access, and voice services. As part of its three-screen integration strategy, AT&T is expanding video entertainment offerings to include next-generation television services such as AT&T U-verse(SM) TV. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/ .
About Yahoo!
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! seeks to provide online products and services essential to users' lives, and offers a full range of tools and marketing solutions for businesses to connect with Internet users around the world. Yahoo! is headquartered in Sunnyvale, California.
AT&T Inc.
CONTACT: Michael Coe, AT&T, +1-212-453-2198, or mcoe@attnews.us ; orZealous Wiley, Yahoo! Inc., +1-408-349-3623, or zealous@yahoo-inc.com
Web site: http://www.att.com/
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