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 Samsung, who first signed up as a top sponsor with the IOC in
1998 and was a local sponsor at the 1988 Seoul Olympics as well,
will support all Games up until and including Tokyo 2020.
"We are delighted to be able to continue our partnership with
Samsung," said IOC President Thomas Bach in a statement.
"The funding generated by the TOP Programme directly supports the
staging of every Olympic Games, as well as every one of the National
Olympic Committees, enabling athletes from all over the world to
prepare for and compete at each Games."
The 2016 summer Games will be held in Rio de Janeiro while the 2018
winter Olympics will be staged in South Korea's Pyeongchang.
Although it does not reveal contract details of its sponsorship
agreements, the deals with its top sponsors generate an estimated
100 million per quadrennium.
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Other major sponsors, including McDonald's, Coca-Cola, Panasonic
and Atos have signed up until 2020 or beyond.
(Reporting by Karolos Grohmann; editing Sudipto Ganguly)
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