Formula 1 loses $26m sponsor

Sean Bratches on way out.  With no Indian GP or Indian F1 driver, Tata is gone.
Sean Bratches on way out. With no Indian GP or Indian F1 driver, Tata is gone.

(GMM) 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.

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