Nokia and Yahoo forge maps and e-mail deal

(Reuters) - Yahoo Inc and Nokia Oyj said they would team up to boost their mobile Internet offerings, seeking to regain market share lost to rivals like Apple Inc and Google Inc.

Starting in the second half of this year, Yahoo will host Nokia's Ovi email on phones exclusively and Nokia in turn will provide maps and navigation for Yahoo.

At a news conference in New York on Monday, the companies highlighted the importance of expanding services for users in emerging markets, for whom the phone is increasingly the primary device for using the Web.

Nokia is the leading handset vendor in many emerging markets, but it has struggled to grow in North America. Nokia Chief Executive Olli-Pekka Kallasvuo said working more closely with Yahoo would help it compete in the United States. Link