It is part of a five-year deal signed in September, for finance company Aegon to sponsor the tennis veterans tournament until 2013.
The channel will broadcast action from all singles matches and some doubles matches from 4-6 December
This is the second time ITV4 has covered the event, which is now in its 13th year.
The tournament's highlight, the first meeting between Goran Ivanisevic and Pat Rafter since their famous five-set Wimbledon final in 2001, will be broadcast live on Saturday 5 December.
Viewers will also be able to watch tennis players Pat Cash, Stefan Edberg, Greg Rusedski and Mark Philippoussis during the weekend's footage.