Omega, the Games official timekeeper, is one of 12 major
companies on the IOC's sponsorship programme. China's Alibaba
was the latest addition to the list in January, penning a deal
to 2028.
Omega's deal sees the Swiss company continue providing timing,
scoring, in-venue results systems, equipment and broadcast
graphics services, the IOC said.
No financial details were disclosed. IOC sources previously told
Reuters that major sponsors pay more than $100 million per
four-year cycle, which includes one summer and one winter games.
"Omega is the world's leader in sports timekeeping, and the
extension of our agreement through to 2032 means Olympic
athletes will continue to be able to rely on Omega's expertise,"
IOC President Thomas Bach said in a statement.
"2032 is an important milestone, as it will mark 100 years since
the Olympic movement was first able to count on Omega's
timekeeping solutions."
(Reporting by Karolos Grohmann; editing by Mark Heinrich)
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