Nokia and Yahoo! to bring integrated web servic...

NOKIA / Nokia and Yahoo! to bring integrated web services to millions of consumers around the world processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

Global strategic alliance enables industry leaders to leverage strengths in
e-mail, instant messaging, maps and navigation across PC and mobile devices

New York, NY, USA - Today, Yahoo! and Nokia 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! ® 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 www.nokia.com/press <

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 (www.ovi.com <

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 www.nokia.com/press <

http://www.nokia.com/press> or
the company's blog, Nokia Conversations (conversations.nokia.com
<

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
www.sec.gov.

Media Enquiries:

Nokia
Communications, North America
Tel. [phone]
Email: [e-mail]

Nokia
Communications
Tel. [phone]
Email: [e-mail]

Yahoo!
Zealous Wiley
Tel. [phone]
Email: [e-mail]

Yahoo!
Dana Lengkeek
Tel. [phone]
Email: [e-mail]

www.nokia.com <

http://www.nokia.com/>



[HUG#1418261]



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