A commuter using his mobile phone passes an advertisement of Chinese smartphone maker Oppo at a train station in Singapore May 8, 2014. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO SCIENCE TECHNOLOGY)
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.
