BENGALURU (Reuters) - Chinese smartphone maker OPPO outbid rival Vivo to be the new sponsor of the India's cricket team and will pay 10.79 billion rupees (132.95 million pounds) for a five-year period starting in April, the Indian cricket board (BCCI) said on Tuesday. Vivo, also a Chinese smartphone manufacturer, was the only other bidder offering 7.68 billion rupees ($115 million) for the rights for the title of the official team sponsor and display a logo on India men's, women's, under-19 and A teams' kits. "Star India gave us 203 crore (about $30.5 million) in four years. OPPO has paid us 1,079 crore over five years, which far exceeds the previous highest (contract)," BCCI Chief Executive Rahul Johri told ESPNcricinfo. "It really shows the true value of Indian cricket and the belief that companies have in Indian cricket.

Source: The Star March 07, 2017 16:52 UTC