engine - 1:18 pm on Jun 3, 2008 (gmt 0)

Internet media firm Yahoo Inc expects to increase its online advertising revenues in emerging markets above the industry's 30 percent growth rate over the next three years, an executive told Reuters on Tuesday. Online advertising revenues in emerging markets are expected to grow at 30 percent annually over the next few years as more people go online and access the Internet through mobile phones. "For Yahoo's emerging markets, we're going to grow faster than that," Prashant Mehta, Yahoo's vice president of emerging markets, said in an interview.

Yahoo Predicts More Than 30pct Growth From Emerging Markets [uk.reuters.com]