IndyCar said Friday that telecommunications giant Verizon signed a multiyear deal to be the racing series' title sponsor, rebranding the sport as the Verizon
Terms of the contract were not disclosed.
"Verizon is the perfect partner for us to showcase the high level of innovation and technology that is inherent in our sport," Mark Miles, chief executive of Hulman & Co., IndyCar's parent company, said in a statement.
The Verizon IndyCar Series' 18-race schedule opens March 30 with a street race in
IndyCar's marquee event, the
Verizon already is the primary sponsor of the No. 12 car driven by Will Power of