Telefónica Secures UEFA Broadcasting Rights in €1.5 Billion Deal

Football remains central to Telefónica’s strategy in Spain.

Photographer: Stefano Rellandini/AFP/Getty Images

UEFA has awarded Telefónica SA the broadcasting rights for Europe’s top football competitions in a deal valued at about €1.5 billion ($1.7 billion).

The agreement, covering four seasons from 2027, is provisional pending final sign-off with European football governing body UEFA in the coming days, Telefónica said in a regulatory filingBloomberg Terminal late Thursday. The Spanish carrier will pay €366 million per season — about 14% more than in the previous cycleBloomberg Terminal.