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By Anthony Shevlin
Telefonica SA (TEF.MC) said Thursday that it acquired the broadcasting rights for the UEFA Champions League and UEFA Europa League for the residential Spanish market.
The Spanish company said the agreement with Mediapro covers the 2018-21 period Telefonica will pay 360 million euros ($418 million) for each of the next three seasons.
The agreement includes the sharing of advertising revenues from the new channels that will be launched in the coming weeks, the company said.
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(END) Dow Jones Newswires
June 28, 2018 13:10 ET (17:10 GMT)
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