Spanish telecoms giant Telefonica said Thursday it had bought the rights to broadcast UEFA Champions League and Europa League matches in Spain from Mediapro for the next three seasons for just over one billion euros ($1.1 billion).
"The investment for the acquisition of the rights for each of the next three seasons of the UEFA Champions League and the UEFA Europa League is 360 million euros for the rights," it said in a statement.
The agreement comes on the heels of Telefonica scoring the domestic rights to La Liga football from 2019 to 2022 for 980 million euros per season. "The award of the main lots of the rights of LaLiga last Monday cements Telefonica's commitment to television with one of our customers' most-watched contents, now completed with the Champions and the Europa League," Telefonica Spain president Emilio Gayo said in the statement.
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