The six-season agreement, due to last until the 2023-2024 season, is worth around AUD$1.2 billion (£655 million/$931 million/€754 million).

It marks a significant increase from the AUD$600 million (£327 million/$465 million/€377 million) deal with Channel Nine, whose four decades of association with home cricket in Australia has come to an end.

Seven and Fox Sports will broadcast all Australian Test matches throughout the summer.

Fox Sports, a paid-for channel, will screen exclusive coverage of men's one-day internationals and Twenty20 matches.

Concerns have already been raised regarding the shorter forms of the game going behind a paywall as both are included in the Federal Government's anti-siphoning list, requiring they be available on free-to-air television.

Cricket Australia chief executive James Sutherland claimed this would not be an issue and that the deal represents a boost to the exposure of the sport on free-to-air television.

"One day internationals will be on Fox Sports and we are working with Fox Sports to come to a landing point for the regulatory requirements," Sutherland said.

"Certainly the [Australian] Communications Minister [Mitch Fifield] is aware of it

"The amount of cricket across Foxtel and Seven, the amount of free-to-air cricket is greater than ever before - there is a commitment to women's cricket, Tests, 23 women's big bash league matches will now be covered.

"We will have more content on television over the next 5 years than ever before."

The agreement marks a welcome relief for Cricket Australia following the ball-tampering scandal during the Test series with South Africa.

Former captain Steve Smith and David Warner were banned for 12 months for their role in the plot to tamper with the ball during third Test in Cape Town.

Cameron Bancroft was also suspended for nine months, while head coach Darren Lehmann resigned amid an acrimonious fallout to the scandal.