Ferrari replacement for Vodafone

UPDATE This rumor is now upgraded to 'fact' today. Ferrari today announced that it has reached a sponsorship agreement with Telecom Italian Group, a leading telecommunications, media and internet company. Telecom Italia, through its Alice brand will thus become an official sponsor of the Scuderia Ferrari Marlboro, with a presence on the cars that take part in the Formula 1 World Championship. We are happy to embark on a partnership with a group as prestigious as Telecom Italia, which is a major industrial player," 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." The agreement comes into effect as from 1st January 2007 and lasts for three years.

05/17/06 After the announcement of Vodafone leaving Ferrari earlier this season, there were rumors that the Italian phone company "Telecom Italia" would replace them. Tonight Luca di Montezemolo has confirmed on Italian TV that they will indeed replace Vodafone for the 2007 season. Details of the contract have not been announced and its unclear just how much advertising will appear on the car.