Yamaha have today announced that they have signed a five-year deal with Spanish teleco company Movistar to act as title sponsor for the factory Yamaha team. The deal will see Movistar branding appear prominently on fairings, leathers, team uniform, team trucks, etc, and the team be called Movistar Yamaha MotoGP. The deal had been rumored since the start of the year, and had been confirmed unofficially last week, when Movistar presented its TV schedules. But the formal announcement came only today, when the Spanish firm unveiled the price structure for its pay-per-view offering in Madrid. The contract had been a long time in the making, as there was a conflict over fairing space with sponsor Monster, who had signed a two-year deal with team at the beginning of last season.