Verizon Communications Inc. (NYSE:VZ) and Yahoo! Inc. (Nasdaq:YHOO) today announced a new multiyear agreement to provide an integrated, co-branded Verizon-Yahoo! portal as a preferred starting point for new Verizon broadband subscribers. This new agreement extends the relationship between Yahoo! and Verizon that began in 2005.

Under the terms of the new agreement, the customizable Verizon-Yahoo! portal will be offered as the first portal choice option for all new subscribers to Verizon’s FiOS Internet and High Speed Internet services. Customers who choose the Verizon-Yahoo! portal will get Yahoo! Search, and co-branded e-mail, Instant Messenger and Toolbar applications. Yahoo! also will provide search and display advertising on the co-branded portal and e-mail application, and both companies will share the search, advertising and e-commerce revenues generated by users of the co-branded portal.

“In addition to providing consumers the fastest upload and download broadband connection speeds available, Verizon offers features and services that enhance our customers’ Internet experience,” said Eric J. Bruno, senior vice president, Verizon Corporate Marketing. “Allowing customers to select a portal and personalize their content is a key part of the Verizon broadband experience.”

Beyond news and information, the co-branded Verizon-Yahoo! portal offers access to content and tools from Yahoo!, including e-mail previews, to-do lists, sports updates, weather, finance portfolios and TV listings, as well as photos and videos from Flickr, one of the world’s leading online photo and video-sharing communities. It also offers direct, one-click access to Verizon.net and other select Verizon and third-party sites.