Yahoo!Xtra was a New Zealand web portal that existed under that name from 2007 to 2011. It was a joint venture between Yahoo!7 and Telecom New Zealand. Yahoo!7 held a 51 percent stake in the company and Telecom NZ held 49 percent. Because Yahoo!7 is a 50/50 venture, Yahoo! proper was therefore a 25.5% owner of Yahoo!Xtra. Telecom announced in April 2011 that it had sold its share to Yahoo!7 and Yahoo!Xtra was rebranded as Yahoo! New Zealand.