Verizon, Yahoo to Offer Broadband Services

NEW YORK & SUNNYVALE, Calif., Jan. 17, 2005 -- Verizon and Yahoo today announced a multiyear alliance to deliver a fully integrated co-branded broadband offering to subscribers to Verizon Online's DSL and new FiOS broadband-over-fiber services.

The new service will be offered free to Verizon consumer broadband subscribers. Beginning this summer, customers will have the choice of Yahoo in addition to the Verizon's portal service that's currently offered, and Verizon's existing subscribers will have the option to switch to the Verizon Yahoo! service. The companies will gear up aggressive marketing campaigns on the Yahoo network and through Verizon advertising designed to attract new customers directly to the co-branded offering.

Verizon and Yahoo said they expect to help increase broadband demand and to win converts from cable broadband access. Yahoo! will receiving monthly per-subscriber fees, and Verizon Online will share revenues from premium services subscriptions, searches and advertising. The alliance builds on an existing relationship to offer a variety of Yahoo's services to Verizon Wireless subscribers. The companies said they will seek additional cooperative opportunities.

For more information, visit: www.verizon.com