Singapore Telecommunications Limited (SingTel) has been named Title Sponsor for the first Formula 1 Grand Prix in Singapore, which will now officially be known as the ‘2008 FORMULA 1 SingTel Singapore Grand Prix’.
The 2008 Singapore Grand Prix will be the first F1 street race in Asia and will be one of three races in the 2008 Formula One calendar to run anticlockwise, The Mole visiting the track last week.
“Asia’s leading telecommunications company, SingTel, has a strong brand as well as a powerful regional and international presence,” said Ong Beng Seng of Singapore GP Pte Ltd.
“These strengths make SingTel the perfect strategic partner and the ideal title sponsor for the Formula One SingTel Singapore Grand Prix.”
“We look forward to working together on a wide range of high-profile activities as we prepare for race day and what promises to be one of the highlights of next year’s calendar.”
SingTel employs more than 19,000 people worldwide and had a turnover of S$13.15 billion ($8.40 billion) and net profit after tax of S$3.78 billion ($2.42 billion) for the year ended 31 March 2007.
A Special on location report by The Mole from Singapore
The Mole was a guest of Singapore Tourism Board.
