FOX Sports has agreed a new five-year deal for the exclusive broadcasting rights for Formula 1 on television and digital platforms in Latin America.

The deal – which excludes Brazil – sees FOX Sports extending its coverage of F1 from 2018 until 2022 inclusive, which means the broadcaster has committed beyond the end of the current power unit regulations and multiple bilateral agreements tying teams to the sport in 2020.

Promising more than 300 hours of broadcasting – with additional programming being added to all track sessions being televised live – FOX will also show Formula 2 and GP3 races. In agreeing the new contract, F1 has retained the right to license live free-to-air (FTA) coverage of “any races that take place within the region in the relevant market and delayed FTA highlights everywhere else in the region.”

Ian Holmes, director of media rights at Formula 1 says the deal will be used to try and attract additional fans in Latin America.

“We are very happy to have FOX Sports as a partner in Latin America for the next five years,” Holmes said. “This new agreement represents a great opportunity and will allow us to bring the FIA Formula 1 World Championship in 19 countries throughout South and Central America where Formula 1 has a strongly established tradition as well as huge potential to gather and galvanize new fans.”

Carlos Martinez, president of FOX Networks Group Latin America, added: “We are happy to have such a relevant property as the FIA Formula 1 World Championship back on FOX Sports in our robust motorsport content proposal.

“We’re thankful to Formula 1 for trusting FOX Sports and our team to broadcast Formula 1 to more than 45 million Spanish-speaking homes in Latin America.

“The passion of Latin American fans for car racing makes this category key to our content offering, and we will contribute with our know-how to make the experience of living it in our portfolio unbeatable.”

The FOX announcement follows another Spanish-language deal for F1 last week as Movistar+ extended its contract to broadcast all races live until 2020. FOX Sports in Australia also agreed a deal until 2022 last year.