SBC: SBC Yahoo! DSL and Dial Subscribers to Receive Major E-Mail and Instant Messaging Enhancements

For more information, contact:
Howard Riefs, SBC Communications

(414) 520-3535

hriefs@sbcnews.us

Nicole Leverich, Yahoo! Inc.
(408) 349-5583
nicolewl@yahoo-inc.com

E-mail enhancements include industry-leading 2 gigabytes of storage

SBC Yahoo! Messenger enhancements feature Avatars, Audibles for enhanced self-expression and the ability to listen to music and play games with friends

SAN ANTONIO, TEXAS, AND SUNNYVALE, CA. – June 15, 2004 – Delivering on their commitment to provide a superior Internet experience, SBC Communications Inc. (NYSE: SBC) and Yahoo! Inc. (Nasdaq: YHOO) today announced a series of significant enhancements to the SBC Yahoo! DSL and Dial services. New and existing customers will receive the enhancements at no additional charge, which will help further fuel consumer and business demand for the services.

· SBC Yahoo! DSL and Dial members will immediately receive a “new and improved” version of SBC Yahoo! Mail, which includes an industry-leading 2 gigabytes of main account e-mail storage — 80 times as much as previously offered and 200 times the amount offered by most other Internet service providers. The new e-mail storage levels are enough to hold up to 1 million pages of e-mail. Other SBC Yahoo! Mail enhancements include no graphical advertising, a streamlined design and faster e-mail search capabilities.

· Within the next few weeks, SBC Yahoo! DSL and Dial members will receive an enhanced version of the SBC Yahoo! Messenger, which includes Avatars, customizable virtual online personalities; Audibles, expressive, verbal animations and leading services like LAUNCHcast Internet radio, SBC Yahoo! Games, AddressBook and Yahoo! Search right in the messaging window. Avatars and Audibles are the latest online craze, especially among teens, and SBC Internet Services is the first ISP to offer them as part of its instant messaging service.

“Once again, the SBC and Yahoo! teams are delivering the best value and most innovative features in the industry,” said Ed Cholerton, vice president, SBC Internet marketing. “With great new enhancements and value pricing, our customers get the very best when they sign-up for SBC Yahoo DSL and Dial!”

Industry-Leading E-Mail Storage

E-mail has remained the top use of the Internet and a feature consumers and business customers often use to compare ISPs.

Two gigabytes is exponentially more than the 10 megabytes offered by most other providers and the previous 25 megabytes offered to SBC Yahoo! customers.

The increased storage will be particularly valuable as part of SBC Yahoo! DSL Business Edition, which continues to meet small business needs through specialized productivity tools and premium workplace content.

As part of the e-mail storage increase, SBC Yahoo! members will receive 10 times the amount of storage they previously had for sub accounts (100 MB compared to 10 MB). Users will be able to store and organize more e-mail, instead of having to frequently delete e-mails, as is the case with lower storage capacity limits, and send and receive e-mails with attachments up to 10 MB in total size.

The enhanced SBC Yahoo! Mail also eliminates graphical advertisements as part of a streamlined Web interface, giving customers an even better e-mail experience. SBC Yahoo! Mail continues to provide popular safety and security features including built-in anti-virus protection, SpamGuard Plus and AddressGuard™. Unlike some other e-mail services, SBC Yahoo! Mail works through both a Web interface and with popular e-mail programs.

Enhanced SBC Yahoo! Messenger

SBC Yahoo! DSL and Dial will also soon feature an enhanced and redesigned SBC Yahoo! Messenger, offering Avatars, graphical characters that can be customized to represent people, and Audibles, expressive, verbal animations.

Avatars convey moods and react through expressions, and can be personalized with clothing and accessories to further enhance users’ self-expression. Users can choose to represent themselves by creating an Avatar or select any picture as their display image. If they choose to use a picture, they can select a picture from a personal file or they can select from a gallery of pictures available from Yahoo!. Users can also send Audibles directly from the instant messaging application, to flirt, taunt, say hello or express attitude.

Other features of the new SBC Yahoo! Messenger include pre-programmed or customized radio stations available directly in the instant messaging application, the ability to play two-person games directly in the instant messaging window and new search shortcuts that make sharing results with friends easier than ever.

The new stealth mode feature provides an easy, efficient and fun way for people to manage relationships and communicate in real time.

Compelling Price Offers

Already the nation’s leading provider of DSL with nearly 4 million customers, SBC companies continue to make broadband available at affordable prices:

· New customers signing up through June 30 can get the lightning-fast SBC Yahoo! DSL Pro, with download speeds of 1.5 – 3.0 Mbps and upload speeds of up to 384 kbps, for as low as $36.99 a month when purchased online, as part of an SBC Connections bundle or through select retail locations (Other charges apply, see below.). A typical SBC Connections plan consists of local service, long distance, and a package of call management features.

· Also through June 30, SBC Yahoo! DSL Express is available for only $26.95 a month with a one-year term commitment when purchased online, at a retail outlet or as part of an SBC Connections plan (Other monthly charges apply, see below). SBC Yahoo! DSL Express features download speeds of 384 kbps – 1.5 Mbps.

Customers will also be charged a monthly FUSF (Federal Universal Service Fund) cost recovery fee to help cover charges from our data transport supplier pursuant to state and federal telecom regulations. This fee is not a tax or government required charge.

$36.99 monthly pricing available for new residential online orders or if purchased as part of a qualifying services bundle before June 30, 2004. $26.95 monthly pricing available for new residential online orders or if purchased as part of a qualifying services bundle before June 30, 2004. SBC local service and one year term required. $200 early termination fee. At end of term, then-current rate applies. $150-$200 additional charge if technician install is required or desired. The equipment charge will appear on the first bill along with any corresponding and offsetting instant credits. Laptop users and some desktop users may need to purchase an Ethernet card. Billing begins on service activation date. Service not available in all areas. Subject to change without notice. Acceptance of Terms of Service required. Taxes and additional fees extra. Other restrictions apply. Actual download and throughput speeds may vary.

SBC Yahoo! DSL is an information service that combines DSL transport, Internet access and applications from SBC Internet Services, with customized content, services, and applications from Yahoo! Inc. Yahoo!, the Yahoo! logos and other product and service names are the trademarks and/or registered trademarks of Yahoo! Inc. SBC, the SBC logo and other product names are trademarks of SBC Knowledge Ventures, L.P. All other brand names may be trademarks or registered trademarks of their respective owners. © 2004 SBC Knowledge Ventures, L.P. and Yahoo! Inc. All rights reserved.

SBC Communications Inc. (NYSE: SBC) is a Fortune 50 company whose subsidiaries, operating under the SBC brand, provide a full range of voice, data, networking, e-business, directory publishing and advertising, and related services to businesses, consumers and other telecommunications providers. SBC holds a 60 percent ownership interest in Cingular Wireless, which serves more than 24 million wireless customers. SBC companies provide high-speed DSL Internet access lines to more American consumers than any other provider and are among the nation’s leading providers of Internet services. SBC companies also now offer satellite TV service. Additional information about SBC and SBC products and services is available at www.sbc.com.

About Yahoo!
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo!’s global network includes 25 world properties and is available in 13 languages.