Tuesday, January 18, 2005
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January 18, 2005Verizon and Yahoo Team Up to Offer Broadband ServiceBy KEN BELSON Verizon Communications, the nation's largest telecommunications company, said yesterday that it planned to work with Yahoo, the Internet search engine, to introduce a portal for its high-speed Internet service.The venture comes as competition for broadband customers between telephone and cable companies continues to heat up. Yahoo is also looking for ways to attract visitors to its Web sites and reduce its reliance on advertising revenue.In the multiyear deal, Verizon's 3.3 million broadband customers will be able to use the co-branded portal at no additional charge. Yahoo will receive an undisclosed share of Verizon's broadband subscription fees, and Verizon will get a share of the advertising revenue generated by the portal.The Yahoo venture comes on top of a similar arrangement Verizon has with MSN, the Microsoft portal. When the Yahoo portal is introduced this summer, Verizon customers will be offered a choice of Verizon, Yahoo or MSN portal as their home page.The arrangement is a less ambitious version of the venture Yahoo has had with SBC Communications since September 2002. In that deal, SBC invested $300 million in Yahoo. SBC and Yahoo are also expanding their partnership. Yahoo is now designing portals for SBC's IP television service and mobile phone service. This will let customers use one ID and password on a variety of electronic devices.Verizon may ultimately do the same thing. The company is installing fiber optic networks that reach customers' homes in nine states. The service, called Fios, includes high-speed Internet connections and phone service. Verizon also intends to provide television on its network.In the meantime, Yahoo hopes to increase revenue from its premium services by making a more direct connection to millions of Verizon customers. Yahoo currently charges fees for e-mail accounts with extra storage and antispam software, commercial-free Internet radio and video services streamed to consumers' computers."We want to get in front of users in a different way," said Steve Boom, senior vice president for broadband access at Yahoo.At the end of the third quarter of 2004, Yahoo had 7.6 million subscribers for its premium services, an 81 percent increase from the same quarter a year earlier. Yahoo reports fourth-quarter and full-year earnings today. For its part, Verizon is battling for broadband customers with cable providers like Comcast and Time Warner Cable. Comcast, which has the most high-speed Internet customers, has increased the speed of its broadband connections without customers paying additional charges. The company has also started offering free video services
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January 18, 2005Verizon and Yahoo Team Up to Offer Broadband ServiceBy KEN BELSON Verizon Communications, the nation's largest telecommunications company, said yesterday that it planned to work with Yahoo, the Internet search engine, to introduce a portal for its high-speed Internet service.The venture comes as competition for broadband customers between telephone and cable companies continues to heat up. Yahoo is also looking for ways to attract visitors to its Web sites and reduce its reliance on advertising revenue.In the multiyear deal, Verizon's 3.3 million broadband customers will be able to use the co-branded portal at no additional charge. Yahoo will receive an undisclosed share of Verizon's broadband subscription fees, and Verizon will get a share of the advertising revenue generated by the portal.The Yahoo venture comes on top of a similar arrangement Verizon has with MSN, the Microsoft portal. When the Yahoo portal is introduced this summer, Verizon customers will be offered a choice of Verizon, Yahoo or MSN portal as their home page.The arrangement is a less ambitious version of the venture Yahoo has had with SBC Communications since September 2002. In that deal, SBC invested $300 million in Yahoo. SBC and Yahoo are also expanding their partnership. Yahoo is now designing portals for SBC's IP television service and mobile phone service. This will let customers use one ID and password on a variety of electronic devices.Verizon may ultimately do the same thing. The company is installing fiber optic networks that reach customers' homes in nine states. The service, called Fios, includes high-speed Internet connections and phone service. Verizon also intends to provide television on its network.In the meantime, Yahoo hopes to increase revenue from its premium services by making a more direct connection to millions of Verizon customers. Yahoo currently charges fees for e-mail accounts with extra storage and antispam software, commercial-free Internet radio and video services streamed to consumers' computers."We want to get in front of users in a different way," said Steve Boom, senior vice president for broadband access at Yahoo.At the end of the third quarter of 2004, Yahoo had 7.6 million subscribers for its premium services, an 81 percent increase from the same quarter a year earlier. Yahoo reports fourth-quarter and full-year earnings today. For its part, Verizon is battling for broadband customers with cable providers like Comcast and Time Warner Cable. Comcast, which has the most high-speed Internet customers, has increased the speed of its broadband connections without customers paying additional charges. The company has also started offering free video services
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