TEF secures provisional exclusive UEFA media rights through 2031

Rhea-AI Filing Summary

Telefónica, S.A. has received a provisional award of exclusive media rights for the UEFA Champions League, UEFA Europa League, UEFA Youth League, UEFA Europa Conference League and UEFA Super Cup for four football seasons from 2027/2028 through 2030/2031. The award is subject to negotiating and signing a contract with UEFA that is expected to be formalised in the coming days. Telefónica states that this direct acquisition of UEFA’s premium content will allow it to continue designing and marketing its own channels and content featuring top European football for residential customers. The total price of the award is 1,464 million euros, to be paid at a rate of 366 million euros per season over the four-season cycle.

Insights

Telecom and media strategy analyst

Telefónica secures provisional exclusive UEFA rights in a €1.46B, 4-season deal.

Telefónica has been provisionally awarded exclusive media rights to major UEFA club competitions, including the Champions League and Europa League, for the seasons 2027/2028 to 2030/2031. The rights cover key European football properties that are often central to pay‑TV and streaming sports offerings, focused here on residential customers.

The arrangement is described as a provisional award, explicitly subject to negotiation and the subsequent signing of a contract with UEFA, expected to be formalised in the coming days. Until that contract is signed, terms are not yet fully finalised, so execution depends on successfully closing the agreement as outlined.

The total award price is 1,464 million euros, split into 366 million euros for each of the four seasons from 2027/2028 through 2030/2031. This represents a sizeable multi‑year content commitment; actual financial impact will depend on how effectively Telefónica monetises these premium rights through subscriptions and bundles once the contract period begins.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2025

Commission File Number: 001-09531

Telefónica, S.A.

(Translation of registrant's name into English)

Distrito Telefónica, Ronda de la Comunicación s/n,

28050 Madrid, Spain

+34 91-482 87 00

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Telefónica, S.A.

TABLE OF CONTENTS

Item						Sequential Page Number
1.			Telefónica: Telefónica has been awarded exclusive media rights of UEFA Champions League and UEFA Europa League, as well as UEFA Youth League, UEFA Europa Conference League and UEFA Super Cup			2

TELEFÓNICA, S.A. (“Telefónica”) in accordance with the provisions of stock market legislation, communicates the following:

OTHER RELEVANT INFORMATION

Today 20 November 2025, Telefónica has been awarded exclusive media rights of UEFA Champions League and UEFA Europa League, as well as UEFA Youth League, UEFA Europa Conference League and UEFA Super Cup, for the next cycle that includes seasons 2027/2028, 2028/2029, 2029/2030 and 2030/2031.

This is a provisional award, subject to the negotiation and subsequent signing of a contract with UEFA that is expected to be formalised in the coming days, and which would guarantee Telefónica all media rights to the main European football competitions for its residential customers.

UEFA's direct acquisition of this "premium" content will allow Telefónica to continue designing and marketing its channels and content with the best European football.

The total price of the award amounts to 1,464 million euros at a rate of 366 million euros for each of the seasons 2027/2028, 2028/2029, 2029/2030 and 2030/2031.

Madrid, November 20, 2025.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Telefónica, S.A.

Date:

November 20, 2025

By:

/s/ Pablo de Carvajal González

Name:

Pablo de Carvajal González

Title:

Secretary to the Board of Directors

FAQ

What UEFA rights has Telefnica (TEF) been awarded in this 6-K?

Teleff3nica has been awarded exclusive media rights for the UEFA Champions League, UEFA Europa League, UEFA Youth League, UEFA Europa Conference League and the UEFA Super Cup for its residential customers.

For which seasons will Teleff3nica hold these UEFA media rights?

The exclusive media rights are for the four-season cycle covering 2027/2028, 2028/2029, 2029/2030 and 2030/2031.

How much will Teleff3nica pay for the UEFA rights awarded in this announcement?

The total price of the award is 1,464 million euros, payable at a rate of 366 million euros per season over the four seasons from 2027/2028 to 2030/2031.

Is the UEFA rights award to Teleff3nica final or still conditional?

The award is described as provisional, and is subject to the negotiation and subsequent signing of a contract with UEFA, which is expected to be formalised in the coming days.

How does Teleff3nica describe the strategic value of these UEFA rights?

Teleff3nica states that UEFA's direct acquisition of this premium football content will allow it to continue designing and marketing its own channels and content with top European football for residential customers.

Which customer segment is Teleff3nica targeting with these UEFA media rights?

The company specifies that the rights would guarantee it all media rights to the main European football competitions for its residential customers.