Singapore Grand Prix To Be Sponsored By SingTel

The inaugural Singapore Grand Prix, which will take place on 28th September next year, will be called the SingTel Singapore Grand Prix after a deal has been reached for the telco company to be the main sponsor of the event.

For this prominent display of their sponsorship, the deal is estimated to be around US $10 million by the Straits Times, although no confirmation of the exact figure was given by the company. As the title sponsor, SingTel will be actively involved in the events leading up to the night race next year.