Ferrari President has reportedly announced on Italian television tonight that Telecom Italia will sponsor Ferrari. This sponsorship deal has been rumored before, but had not been confirmed until today.

The telecomunications company will be filing the space left on the car, after Vodafone announced that they would leave Ferrari in favor of becoming the title sponsor of the McLaren team. No further details in regards to this new sponsorship between the two Italian companies have been announced.

Ferrari 1 will certainly update you on any developments when they happen.