Pirelli will continue as tyre supplier for the Formula 1 World Championship from 2017 until the end of the 2019 season, it has been confirmed.

The Italian firm, which took over from Bridgestone as the official control supplier from 2011, had been in contention with Michelin for the latest tender, which is due to run between 2017 and 2019.

However, as expected, FOM and the FIA have favoured retaining ties with Pirelli after Michelin's pitch for creating tyres that favour durability was not favourably received by the commercial rights holder.

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The new deal comes after Pirelli signalled it would consider its own future in the sport unless it is permitted more testing time to develop tyres which have at times come in for criticism by teams and drivers.

Though this hasn't been ratified as yet, Paul Hembery has said discussions are moving forward, particularly with a view to 2017 when the proposed technical regulations are expected to require new specifications.