The deal with the International Olympic Committe includes the rights across all broadcast platforms: free-to-air television, subscription television, internet and mobile phone.
TEN CEO Hamish McLennan, said: “We are delighted that TEN will be Australia’s Olympics network in 2014.
“The agreement with the IOC delivers on our strategy to increase our investment in premium sport.
“Australia will field its largest-ever Winter Olympics team at Sochi and we are confident that some of those 56 athletes will be among the Games’ star performers.
“We are also confident that Australian viewers and advertisers will embrace our coverage of the Sochi Games.”
Rights to the Summer 2016 Games in Rio are yet to be finalised.
IOC President Jacques Rogge said: “Sochi 2014 will be the first Olympic Winter Games held in Russia, and sports fans around the world will be tuning in to follow the very best of Olympic winter sport next February. Australia is a sports-loving nation with passionate Olympic fans, and therefore we are very pleased to be able to announce this agreement with Ten to ensure fantastic broadcast coverage of the Olympic Winter Games.”
IOC Finance Commission Chairman Richard Carrión, who led the negotiations, said: “Ten is an experienced sports broadcaster with a clear passion for the Olympic Games. The agreement ensures there will be extensive free television coverage of next year’s Olympic Winter Games, as well as the very best broadcast coverage on other media platforms, including online and mobile.”
Australian Olympic Committee President, John Coates, said: “On behalf of our Winter sports, we are excited to be working with Network Ten. This is great news for our Winter athletes who continue to excel on the world stage, particularly in aerials, moguls, snowboard halfpipe, snowboard cross and the new discipline of slopestyle. We are aiming to be a top 15 nation on the medal tally in Sochi.”