Yahoo shares closed down 5.2 percent
“AT&T and Yahoo’s ongoing partnership is rooted in the open and ongoing dialogue we maintain about future opportunities,” he said.
The two partners introduced advertising on the front page of their joint broadband marketing site earlier this year. Later this month, Plungy said, Yahoo is introducing advertising on their co-branded e-mail service for high-speed customers.
Further mobile ties remain under negotiation.
“We are discussing ways to expand our partnership in the mobile arena, now that AT&T has 100 percent ownership of Cingular,” he said.
Yahoo shares closed down 5.2 percent at $29.12 on Nasdaq. AT&T closed up 4 cents, or 0.1 percent, at $36.55 on the New York Stock Exchange.
AT&T, formerly known as SBC Communications, struck a broadband marketing partnership in 2001 in which SBC pays Yahoo a small cut for each high-speed Internet access customer in return for Yahoo building and managing Web services for customers. The deal covers AT&T customers in the 13 states where the top U.S. phone company offers local phone service.