Following up on our story last week about Nokia and Yahoo! announcing a partnership, we've finally got solid deatils on what this new alliance plans to achieve following the announcement this morning.  The two companies said that they will be merging their strengths in email, IM, and navigation services to enhance the experiences of all of their customers.  While there was no Nokhoo! Phone announched, the companies did lay out exactly how they will be merging their services together:

• Nokia will be the exclusive, global provider of Yahoo!'s maps and navigation services, integrating Ovi Maps across Yahoo! properties, branded as "powered by Ovi."
• Yahoo! will become the exclusive, global provider of Nokia's Ovi Mail and Ovi Chat services branded as "Ovi Mail / Ovi Chat powered by Yahoo!"
• Nokia and Yahoo! plan to work on ID federation between their services, beginning by making it easy for people to use their Ovi user IDs across select Yahoo! properties to easily access the online content and services they need

If you just can't wait to get your hands on the product of this partnership, then we have good news for you: co-branded services should be available in the latter half of 2010 and released globally in 2011.  So now that all of the plans are laid out, do you think that this new partnership will help the two companies fight off Google and Android?

Read the entire press release here.