Formula 1 loses $26m sponsor

JANUARY 17, 2020

Formula 1 loses $26m sponsor

Formula 1 has lost a major sponsor.

Citing a source close to the company, the Press Trust of India (PTI) reports that Tata Communications, a major Indian multinational, will no longer be F1's connectivity partner.

Forbes' F1 business journalist Christian Sylt said the deal, which has run for eight years, was worth $26 million.

"Yes, both Tata Communications and Formula 1 have ended their partnership. The sponsorship deal ended on December 31," PTI's source confirmed.

Other stories for JANUARY 17, 2020

DOMENICALI DOUBTS HAMILTON HEADING TO FERRARI

FORMULA 1 LOSES $26M SPONSOR

F1 VIEWERSHIP COLLAPSED IN FRANCE SAYS PROST

ZANDVOORT HOLDING BACK F1 TEAM SIMULATION DATA

F1 USES WOMEN DRIVERS TO 'ATTRACT ATTENTION' SAYS FLORSCH

RED BULL-HONDA EYES 'MORE THAN FIVE' WINS IN 2020

NISSANY PART OF ISRAEL GP PUSH FOR 2021 - REPORT