Wael Romana, director of the Palestinian Sport Channel, told AFP it would cover Wednesday's friendly between the Palestinian and Algerian Olympic football teams in Algeria.
"Then the channel's official launch will be in four or five months," he said, adding he has already hired about 40 staff and hopes to expand.
"The goal is to have coverage of Palestinian sport in all disciplines," he said.
Palestine was recognised by FIFA in 1998.
A communications ministry spokesperson said the Palestinian Authority had bought 18 broadcast frequencies on the Egypt-owned Nilesat satellite and Saudi-based Arabsat which it could license to any broadcaster it selected.
Eighteen local television channels operate in the West Bank and Gaza Strip alongside nearly 90 radio stations.
The Palestine Olympic Committee says it hopes to send between eight and 10 athletes, mainly in martial arts, to the Rio Olympics in August.
