Yahoo is set to hold a press conference where they are likely to announce a partnership with Nokia.
The deal might see Nokia preloading their devices with Yahoo mobile services.
Nokia might not be making much news in the mobile phone market but they still remain the largest player in this category.
They are also huge in the developing markets like India which is one of the largest telecom markets in the world.
But they are failing to compete against the likes of Google Android and Apple iPhone in the smartphone market.
Nokia aims to change all that with the launch of Symbian^3 later this year.