The Singapore-based Telco Singtel has obtained broadcasting rights for Formula One, which was previously owned by Fox Sports Asia.
It is believed that the deal signed between both parties is non-exclusive and might cover the remaining 2021 season and the entire 2022 edition.
For Formula One, almost 26 markets across Asia were exclusively owned by Fox, right from 2017 to 2022. The deal was believed to be the most expensive one and the most valuable one for Fox and has allegedly been terminated because of the shutdown.
Singtel’s telecast for Formula One will debut this weekend with the Turkish Grand Prix. The platform has also confirmed that it will provide the practice, qualifying, and the race at no extra cost to all the subscribers of Singtel TV. It was also announced that the rest of the Grand Prix of the current season will only be provided to the users of World Sports, Value, and Ultimate channel packages.
Anna Yip, CEO, Consumer Singapore, at Singtel, said, “We have been working hard over the past months to bring Formula 1 to Singtel TV so that our customers can continue to catch comprehensive live coverage of the exhilarating, action-packed races.”
“We are committed to providing customers with a wide range of sports content and continue to work closely with our partners to refresh our line-up. Sports fans can look forward to more top-tier sporting events in the weeks to come.”
Singtel has added a few more names to its portfolio by signing agreements with Astro Cricket and Eurosport.
Recently, Singtel obtained the official rights for Ultimate Fighting Championship Fight Night events, which were previously owned by Fox as well. Other platforms to acquire the rights for UFC in Indonesia are direct rivals StarHub and streaming platform Mola TV.