Telecom Italia to sponsor Ferrari
|Wednesday, May 24th 2006, 09:06 GMT|
The Ferrari team have reached a sponsorship agreement with the Telecom Italia Group, which will sponsor the Italian squad through their Alice brand.
The deal will come into effect as from 1st January 2007 and will last for three years.
No financial details were revealed.
"We are happy to embark on a partnership with a group as prestigious as Telecom Italia, which is a major industrial player," said team boss Jean Todt.
"Innovation, the pursuit of excellence, speed and a spirit of competition are just some of the values we share with Telecom Italia and they will form the basis of a close and productive collaboration."