Sri Adhikari Brothers Television Network reports standalone net loss of Rs 11.73 crore in the December 2017 quarter
The bumper contract over six years, worth more than forecast, came despite a recent ball-tampering scandal that saw top drawcards Steve Smith and David Warner banned for a year and the sport's reputation dragged through the mud.
Under the terms, Seven and Foxtel, majority-owned by Rupert Murdoch's News Corp, will jointly air all domestic Test matches, while Fox won exclusive rights to international one-dayers and T20s.
Both companies will broadcast all women's internationals and 23 women's BBL games. Seven will show 43 men's BBL matches simultaneously with Foxtel, which will air another 16 games exclusively.
"We'd like to acknowledge everyone who took part in this process. It's fair to say that the interest in our rights during this process has been unprecedented," said Cricket Australia chief executive James Sutherland.
He called it a "revolutionary" partnership which would allow increased investment in grassroots cricket, the ability to further develop facilities, and better pathways to grow the game for women and girls.
"What we are particularly proud of in this partnership is the focus on extending our broadcast coverage of women's matches," he said.
"Our partners are key to inspiring more women and girls to pick up a bat and ball. If more elite content is accessible to fans be it on TV or through their mobile devices, we're helping tap into new audiences to attract them to the sport."
Foxtel chief Patrick Delany said the company would offer fans "the most compelling, entertaining and innovative coverage of cricket".
"It will be cricket like they have never experienced before," he said, without elaborating.
The deal represents a major reshaping of the sporting rights landscape in Australia and follows Nine recently winning Australian tennis broadcasting rights in a Aus$300 million coup.
That agreement ended Seven's four-decade hold on showing the Australian Open Grand Slam.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)