OPPO the smart phone manufacturer will be Indian Team sponsorship for 5 years effectively from 1st April 2017. OPPO Mobiles will pay INR 1079 crore (approx USD 162 million) for the duration of their contract having beaten the only other bid of INR 768 crore (approx USD 115 million) from Vivo, which is the other smartphone manufacturer. The minimum reserve price set by the BCCI was INR 538 crore (approx USD 81 million). OPPO’s worth was INR 4.61 crore (approx USD 693,000) per match for bilateral series and INR 1.51 crore (approx USD 227,000) per match for ICC tournaments. The existing team sponsor, Star India, whose contract expired on March 31st,had paid INR 1.92 crore (approx USD 289,000) and 61 lakh (approx USD 92,000) per match for bilateral and ICC tournaments respectively.
The five year rights period starts from 1st April 2017 and goes till 31st March 2022, during which India will play 14 home series and 20 overseas series, which includes the ICC Champions Trophy, the ICC Cricket World Cup and also the World T20 events.