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Nokia and Yahoo! to Bring Integrated Web Services to Millions of Consumers Around the World
Global Strategic Alliance Enables Industry Leaders to Leverage Strengths in e-mail, Instant Messaging, Maps and Navigation Across PC and Mobile Devices
NEW YORK, May 24, 2010-- Today, Yahoo! and Nokia (NYSE:NOK) announced a worldwide strategic
alliance to extend the reach of their industry leading online services and
offer people rich experiences that keep them connected to their world and
the world around them.
Building on more than five years of collaboration, Nokia and Yahoo! (R)
will leverage each others' strengths in e-mail, instant messaging and maps
and navigation services, to provide consumers with access to world-class
experiences on both PC and mobile devices.
As part of the alliance:
- Nokia will be the exclusive, global provider of Yahoo!'s maps and
navigation services, integrating Ovi Maps across Yahoo! properties,
branded as "powered by Ovi."
- Yahoo! will become the exclusive, global provider of Nokia's Ovi Mail
and Ovi Chat services branded as "Ovi Mail / Ovi Chat powered by
Yahoo!"
- Nokia and Yahoo! plan to work on ID federation between their services,
beginning by making it easy for people to use their Ovi user IDs
across select Yahoo! properties to easily access the online content
and services they need.
"Delivering great user experiences - both online and on your mobile - is
what this alliance is all about," said Olli-Pekka Kallasvuo, CEO, Nokia.
"We're enabling millions of Yahoo! customers in key markets including North
America to discover the unique capabilities that Ovi Maps brings. Similarly,
Yahoo!'s online expertise will bring exciting mail and messaging enhancements
to millions of Ovi Mail customers across almost every country around the
world, many of whom will have their first Internet experience on their
mobile."
"What a combination," said Carol Bartz, CEO, Yahoo!. "We're excited to
expand the reach of our best-in-class Mail and Messenger services, bringing
personalized experiences to more people across the mobile web, particularly
in emerging markets where we are seeding the next generation of Yahoo! users.
At the same time, we believe Nokia's strength and continued investment in
maps and navigation will greatly enhance our existing products, enabling us
to focus on areas that are core to our business."
Together, Yahoo! and Nokia will continue to deliver compelling Internet
experiences that address the core needs of consumers, developers, operators
and advertisers. The companies will utilize their respective global
distribution advantages and brand recognition across consumer audiences.
Select, co-branded service offerings are expected to become available
from the second half of 2010, with global availability expected in 2011.
Nokia is the world's largest mobile device manufacturer, with hundreds of
millions of devices sold each year and a leader in digital mapping, with
continuing investment and innovation focused on developing comprehensive
digital mapping and navigation services, now covering 77 countries in 46
languages. With more than 600 million users of Yahoo!-branded sites per
month, Yahoo! is a global Internet powerhouse, a one-stop web destination
enabling consumers to enjoy their online life anywhere and everywhere - all
customized for their interests. As one of the leading Internet brands, Yahoo!
is focused on growing its audience by providing seamless web experiences
across PC and mobile devices.
Note to editors: Media materials, including a webcast replay, can be
found at pressroom.yahoo.com and http://www.nokia.com/press.
About Nokia
At Nokia, we are committed to connecting people. We combine advanced
technology with personalized services that enable people to stay close to
what matters to them. Every day, more than 1.2 billion people connect to one
another with a Nokia device - from mobile phones to advanced smartphones and
high-performance mobile computers. Today, Nokia is integrating its devices
with innovative services through Ovi (http://www.ovi.com), including music,
maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive
digital mapping and navigation services, while Nokia Siemens Networks
provides equipment, services and solutions for communications networks
globally.
For more information, visit http://www.nokia.com/press or the company's
blog, Nokia Conversations (http://conversations.nokia.com).
About Yahoo!
Yahoo! attracts hundreds of millions of users every month through its
innovative technology and engaging content and services, making it one of the
most visited Internet destinations and a world-class online media company.
Yahoo!'s vision is to be the center of people's online lives by delivering
personally relevant, meaningful Internet experiences. Yahoo! is headquartered
in Sunnyvale, California. For more information, visit pressroom.yahoo.com or
the company's blog, Yodel Anecdotal (yodel.yahoo.com).
Yahoo! is a trademark or registered trademark of Yahoo! Inc.
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not
historical facts are forward-looking statements, including, without
limitation, those regarding: A) the timing of the deliveries of our products
and services and their combinations; B) our ability to develop, implement
and commercialize new technologies, products and services and their
combinations; C) expectations regarding market developments and structural
changes; D) expectations and targets regarding our industry volumes, market
share, prices, net sales and margins of products and services and their
combinations; E) expectations and targets regarding our operational
priorities and results of operations; F) the outcome of pending and
threatened litigation; G) expectations regarding the successful completion of
acquisitions or restructurings on a timely basis and our ability to achieve
the financial and operational targets set in connection with any such
acquisition or restructuring; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed," "plans,"
"will" or similar expressions. These statements are based on management's
best assumptions and beliefs in light of the information currently available
to it. Because they involve risks and uncertainties, actual results may
differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
competitiveness and quality of our portfolio of products and services and
their combinations; 2) our ability to timely and successfully develop or
otherwise acquire the appropriate technologies and commercialize them as new
advanced products and services and their combinations, including our ability
to attract application developers and content providers to develop
applications and provide content for use in our devices; 3) our ability to
effectively, timely and profitably adapt our business and operations to the
requirements of the converged mobile device market and the services market;
4) the intensity of competition in the various markets where we do business
and our ability to maintain or improve our market position or respond
successfully to changes in the competitive environment; 5) the occurrence of
any actual or even alleged defects or other quality, safety or security
issues in our products and services and their combinations; 6) the
development of the mobile and fixed communications industry and general
economic conditions globally and regionally; 7) our ability to successfully
manage costs; 8) exchange rate fluctuations, including, in particular,
fluctuations between the euro, which is our reporting currency, and the US
dollar, the Japanese yen and the Chinese yuan, as well as certain other
currencies; 9) the success, financial condition and performance of our
suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety,
security and timely delivery of our products and services and their
combinations; 13) our ability to manage our inventory and timely adapt our
supply to meet changing demands for our products; 14) our ability to protect
the complex technologies, which we or others develop or that we license, from
claims that we have infringed third parties' intellectual property rights, as
well as our unrestricted use on commercially acceptable terms of certain
technologies in our products and services and their combinations; 15) our
ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks
patented, standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of
these technologies; 16) the impact of changes in government policies, trade
policies, laws or regulations and economic or political turmoil in countries
where our assets are located and we do business; 17) any disruption to
information technology systems and networks that our operations rely on; 18)
our ability to retain, motivate, develop and recruit appropriately skilled
employees; 19) unfavorable outcome of litigations; 20) allegations of
possible health risks from electromagnetic fields generated by base stations
and mobile devices and lawsuits related to them, regardless of merit; 21) our
ability to achieve targeted costs reductions and increase profitability in
Nokia Siemens Networks and to effectively and timely execute related
restructuring measures; 22) developments under large, multi-year contracts or
in relation to major customers in the networks infrastructure and related
services business; 23) the management of our customer financing exposure,
particularly in the networks infrastructure and related services business;
24) whether ongoing or any additional governmental investigations into
alleged violations of law by some former employees of Siemens AG ("Siemens")
may involve and affect the carrier-related assets and employees transferred
by Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens
Networks customer relationships resulting from ongoing or any additional
governmental investigations involving the Siemens carrier-related operations
transferred to Nokia Siemens Networks; as well as the risk factors specified
on pages 11-32 of Nokia's annual report Form 20-F for the year ended December
31, 2009 under Item 3D. "Risk Factors." Other unknown or unpredictable
factors or underlying assumptions subsequently proving to be incorrect could
cause actual results to differ materially from those in the forward-looking
statements. Nokia does not undertake any obligation to publicly update or
revise forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
This news release contains forward-looking statements (including the
quote from Yahoo! management) that involve risks and uncertainties concerning
Yahoo!'s plans to launch integrated online and mobile service offerings with
Nokia, the expected availability and growth of mobile services in developed
and emerging markets, the expected enhancement of various Yahoo! services,
the expectation that Nokia will continue to invest in maps and navigation,
and statements regarding Yahoo!'s strategic and operational plans for social
products and services. Actual events or results may differ materially from
those described in this release due to a number of risks and uncertainties.
The potential risks and uncertainties include, among others, the
possibilities that the implementation of the alliance, enhancements or
investments might be delayed, might not ultimately be implemented, or might
not be successful; that mobile phone adoption rates might decline (or grow
more slowly than expected); that advertisers, users and mobile customers
might not utilize the new and expanded service offerings or might prefer
rival products or services; and that the anticipated benefits to Yahoo! and
its advertisers might 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, 2009, and Quarterly
Report on Form 10-Q for the quarter ended March 31, 2010, which are on file
with the SEC and available at the SEC's website at http://www.sec.gov.
http://www.nokia.com
Source: Nokia Corporation
Media Enquiries: Nokia Communications, North America, Tel. +1-972-894-4573, Email: communications.corp@nokia.com; Nokia Communications, Tel. +358-7180-34900, Email: press.services@nokia.com; Yahoo!, Zealous Wiley, Tel. +1-408-431-9466, Email: Zealous@yahoo-inc.com; Yahoo!, Dana Lengkeek, Tel. +1-408-349-1130, Email: danal@yahoo-inc.com
Nokia and Yahoo! to Bring Integrated Web Services to Millions of Consumers Around the World
Global Strategic Alliance Enables Industry Leaders to Leverage Strengths in e-mail, Instant Messaging, Maps and Navigation Across PC and Mobile Devices
NEW YORK, May 24, 2010-- Today, Yahoo! and Nokia (NYSE:NOK) announced a worldwide strategic
alliance to extend the reach of their industry leading online services and
offer people rich experiences that keep them connected to their world and
the world around them.
Building on more than five years of collaboration, Nokia and Yahoo! (R)
will leverage each others' strengths in e-mail, instant messaging and maps
and navigation services, to provide consumers with access to world-class
experiences on both PC and mobile devices.
As part of the alliance:
- Nokia will be the exclusive, global provider of Yahoo!'s maps and
navigation services, integrating Ovi Maps across Yahoo! properties,
branded as "powered by Ovi."
- Yahoo! will become the exclusive, global provider of Nokia's Ovi Mail
and Ovi Chat services branded as "Ovi Mail / Ovi Chat powered by
Yahoo!"
- Nokia and Yahoo! plan to work on ID federation between their services,
beginning by making it easy for people to use their Ovi user IDs
across select Yahoo! properties to easily access the online content
and services they need.
"Delivering great user experiences - both online and on your mobile - is
what this alliance is all about," said Olli-Pekka Kallasvuo, CEO, Nokia.
"We're enabling millions of Yahoo! customers in key markets including North
America to discover the unique capabilities that Ovi Maps brings. Similarly,
Yahoo!'s online expertise will bring exciting mail and messaging enhancements
to millions of Ovi Mail customers across almost every country around the
world, many of whom will have their first Internet experience on their
mobile."
"What a combination," said Carol Bartz, CEO, Yahoo!. "We're excited to
expand the reach of our best-in-class Mail and Messenger services, bringing
personalized experiences to more people across the mobile web, particularly
in emerging markets where we are seeding the next generation of Yahoo! users.
At the same time, we believe Nokia's strength and continued investment in
maps and navigation will greatly enhance our existing products, enabling us
to focus on areas that are core to our business."
Together, Yahoo! and Nokia will continue to deliver compelling Internet
experiences that address the core needs of consumers, developers, operators
and advertisers. The companies will utilize their respective global
distribution advantages and brand recognition across consumer audiences.
Select, co-branded service offerings are expected to become available
from the second half of 2010, with global availability expected in 2011.
Nokia is the world's largest mobile device manufacturer, with hundreds of
millions of devices sold each year and a leader in digital mapping, with
continuing investment and innovation focused on developing comprehensive
digital mapping and navigation services, now covering 77 countries in 46
languages. With more than 600 million users of Yahoo!-branded sites per
month, Yahoo! is a global Internet powerhouse, a one-stop web destination
enabling consumers to enjoy their online life anywhere and everywhere - all
customized for their interests. As one of the leading Internet brands, Yahoo!
is focused on growing its audience by providing seamless web experiences
across PC and mobile devices.
Note to editors: Media materials, including a webcast replay, can be
found at pressroom.yahoo.com and http://www.nokia.com/press.
About Nokia
At Nokia, we are committed to connecting people. We combine advanced
technology with personalized services that enable people to stay close to
what matters to them. Every day, more than 1.2 billion people connect to one
another with a Nokia device - from mobile phones to advanced smartphones and
high-performance mobile computers. Today, Nokia is integrating its devices
with innovative services through Ovi (http://www.ovi.com), including music,
maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive
digital mapping and navigation services, while Nokia Siemens Networks
provides equipment, services and solutions for communications networks
globally.
For more information, visit http://www.nokia.com/press or the company's
blog, Nokia Conversations (http://conversations.nokia.com).
About Yahoo!
Yahoo! attracts hundreds of millions of users every month through its
innovative technology and engaging content and services, making it one of the
most visited Internet destinations and a world-class online media company.
Yahoo!'s vision is to be the center of people's online lives by delivering
personally relevant, meaningful Internet experiences. Yahoo! is headquartered
in Sunnyvale, California. For more information, visit pressroom.yahoo.com or
the company's blog, Yodel Anecdotal (yodel.yahoo.com).
Yahoo! is a trademark or registered trademark of Yahoo! Inc.
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not
historical facts are forward-looking statements, including, without
limitation, those regarding: A) the timing of the deliveries of our products
and services and their combinations; B) our ability to develop, implement
and commercialize new technologies, products and services and their
combinations; C) expectations regarding market developments and structural
changes; D) expectations and targets regarding our industry volumes, market
share, prices, net sales and margins of products and services and their
combinations; E) expectations and targets regarding our operational
priorities and results of operations; F) the outcome of pending and
threatened litigation; G) expectations regarding the successful completion of
acquisitions or restructurings on a timely basis and our ability to achieve
the financial and operational targets set in connection with any such
acquisition or restructuring; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed," "plans,"
"will" or similar expressions. These statements are based on management's
best assumptions and beliefs in light of the information currently available
to it. Because they involve risks and uncertainties, actual results may
differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
competitiveness and quality of our portfolio of products and services and
their combinations; 2) our ability to timely and successfully develop or
otherwise acquire the appropriate technologies and commercialize them as new
advanced products and services and their combinations, including our ability
to attract application developers and content providers to develop
applications and provide content for use in our devices; 3) our ability to
effectively, timely and profitably adapt our business and operations to the
requirements of the converged mobile device market and the services market;
4) the intensity of competition in the various markets where we do business
and our ability to maintain or improve our market position or respond
successfully to changes in the competitive environment; 5) the occurrence of
any actual or even alleged defects or other quality, safety or security
issues in our products and services and their combinations; 6) the
development of the mobile and fixed communications industry and general
economic conditions globally and regionally; 7) our ability to successfully
manage costs; 8) exchange rate fluctuations, including, in particular,
fluctuations between the euro, which is our reporting currency, and the US
dollar, the Japanese yen and the Chinese yuan, as well as certain other
currencies; 9) the success, financial condition and performance of our
suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety,
security and timely delivery of our products and services and their
combinations; 13) our ability to manage our inventory and timely adapt our
supply to meet changing demands for our products; 14) our ability to protect
the complex technologies, which we or others develop or that we license, from
claims that we have infringed third parties' intellectual property rights, as
well as our unrestricted use on commercially acceptable terms of certain
technologies in our products and services and their combinations; 15) our
ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks
patented, standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of
these technologies; 16) the impact of changes in government policies, trade
policies, laws or regulations and economic or political turmoil in countries
where our assets are located and we do business; 17) any disruption to
information technology systems and networks that our operations rely on; 18)
our ability to retain, motivate, develop and recruit appropriately skilled
employees; 19) unfavorable outcome of litigations; 20) allegations of
possible health risks from electromagnetic fields generated by base stations
and mobile devices and lawsuits related to them, regardless of merit; 21) our
ability to achieve targeted costs reductions and increase profitability in
Nokia Siemens Networks and to effectively and timely execute related
restructuring measures; 22) developments under large, multi-year contracts or
in relation to major customers in the networks infrastructure and related
services business; 23) the management of our customer financing exposure,
particularly in the networks infrastructure and related services business;
24) whether ongoing or any additional governmental investigations into
alleged violations of law by some former employees of Siemens AG ("Siemens")
may involve and affect the carrier-related assets and employees transferred
by Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens
Networks customer relationships resulting from ongoing or any additional
governmental investigations involving the Siemens carrier-related operations
transferred to Nokia Siemens Networks; as well as the risk factors specified
on pages 11-32 of Nokia's annual report Form 20-F for the year ended December
31, 2009 under Item 3D. "Risk Factors." Other unknown or unpredictable
factors or underlying assumptions subsequently proving to be incorrect could
cause actual results to differ materially from those in the forward-looking
statements. Nokia does not undertake any obligation to publicly update or
revise forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
This news release contains forward-looking statements (including the
quote from Yahoo! management) that involve risks and uncertainties concerning
Yahoo!'s plans to launch integrated online and mobile service offerings with
Nokia, the expected availability and growth of mobile services in developed
and emerging markets, the expected enhancement of various Yahoo! services,
the expectation that Nokia will continue to invest in maps and navigation,
and statements regarding Yahoo!'s strategic and operational plans for social
products and services. Actual events or results may differ materially from
those described in this release due to a number of risks and uncertainties.
The potential risks and uncertainties include, among others, the
possibilities that the implementation of the alliance, enhancements or
investments might be delayed, might not ultimately be implemented, or might
not be successful; that mobile phone adoption rates might decline (or grow
more slowly than expected); that advertisers, users and mobile customers
might not utilize the new and expanded service offerings or might prefer
rival products or services; and that the anticipated benefits to Yahoo! and
its advertisers might 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, 2009, and Quarterly
Report on Form 10-Q for the quarter ended March 31, 2010, which are on file
with the SEC and available at the SEC's website at http://www.sec.gov.
http://www.nokia.com
Source: Nokia Corporation
Media Enquiries: Nokia Communications, North America, Tel. +1-972-894-4573, Email: communications.corp@nokia.com; Nokia Communications, Tel. +358-7180-34900, Email: press.services@nokia.com; Yahoo!, Zealous Wiley, Tel. +1-408-431-9466, Email: Zealous@yahoo-inc.com; Yahoo!, Dana Lengkeek, Tel. +1-408-349-1130, Email: danal@yahoo-inc.com