September 14 - Grupo Albavision has been granted the broadcast rights to the 2012 London Olympics in 10 Latin American countries in a deal worth $2.25 million (£1.45 million), it has been announced.

The International Olympic Committee (IOC) awarded the free-to-air rights in Bolivia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay and Uruguay.

Grupo Albavision provided coverage in those territories of the inaugural Summer Youth Olympic Games last month in Singapore.

IOC President Jacques Rogge said: "Following their successful coverage of the first ever Youth Olympic Games this August, we are happy to be able to reach this agreement with Grupo Albavision to ensure free coverage of the Olympic Games in London in 2012 across the region."

IOC Executive Board member Richard Carrión, who led the negotiations, said, "I am delighted we were able to reach this agreement with Grupo Albavision and would like to thank them for their cooperation in making this announcement possible."

Angel Gonzalez, Chief Executive of Grupo Albavision, said: "We are very happy to become a part of the Olympic Family and look forward to a long and fruitful relationship."