The Australian cities of Sydney and Brisbane as well a third still-to-be-confirmed capital city will jointly host the inaugural edition of the ATP Cup men's team event in January 2020, Tennis Australia CEO Craig Tiley announced on Monday.

"With more than 100 players from 24 nations vying for 22 million in prize money and 750 ATP ranking points, the ATP Cup will help us launch the global tennis season every January in Australia," Tiley said about the tournament that could affect other men's and mixed teams events, including the Hopman Cup, which are held in Brisbane and Sydney in the first two weeks of January, reports Efe news.

Sydney will host the finals of the new event, Tiley said.

"We are also having discussions with the WTA (Women's Tennis Association) about exciting new concepts for women's tennis in Australia," he added.

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