The rumors have been circulating for awhile, but there are firm details: Yahoo! will be partnering with Cingular to create a Yahoo! branded cellphone. No, they're not going to manufacture a handset from the ground up — it's just going to be a re-branded version of a Nokia. It will have a 1.3 megapixel camera, memory card, and MP3 playback — the specific model number was not released. There will, no doubt, be all kinds of familiar Yahoo! services available on the handset (weather, travel, IM). Release date is unknown at present. Anyone got some screengrabs of Yahoo! mobile to share?

Given the earlier announcement of a partnership with TiVo, it looks as though Yahoo! is trying to fortify its sky-high stock price with some big ideas.

Yahoo, Google to launch new wireless services [Reuters via PhoneScoop]

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