By Jessica Sier

 

Telefonica SA said Thursday that it has signed a 975 million euro ($1.1 billion) agreement to acquire exclusive Spanish media rights for four football competitions over the next three seasons.

The Spanish telecommunications company said it will have rights to the UEFA Champions League, UEFA Europa League, the UEFA Europa Conference League and UEFA Youth League.

The deal represents EUR325 million for the seasons 2021/22, 2022/23 and 2023/2024, below the license fees paid for the current cycle and without any year-to-year increase, Telefonica said.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

July 02, 2020 08:35 ET (12:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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