Japanese tech giant NTT to replace Verizon as IndyCar title sponsor
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IndyCarwhich oversees the open-wheel racing series that includes the Indianapolis 500has inked a deal with Japanese technology company NTT to become its next title sponsor. The company, formally named Nippon Telegraph and Telephone Corporation, replaces Verizon, which bowed out of its deal last year after singing on in 2014.
The 17-race series will be renamed the NTT IndyCar Series as part of the deal. IndyCar did not reveal financial terms or the exact length of the pact, other than to describe it as a multi-year deal.
NTT started as a phone company but has grown into a $106 billion technologies services giant whose business includes consulting, cloud, networking and systems integration. One of its divisions, NTT Datawhose U.S. office is in Plano, Texas has an existing sponsorship deal with Chip Ganassi Racing. One of the team’s members, Swedish driver Felix Rosenqvist, will drive an NTT Data branded car this upcoming season, which begins March 10 with the Firestone Grand Prix of St. Petersburg.
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