Orange-Vodafone agreed the fee for one of the remaining packages available for the next three years, the league announced.
In Wednesday's deal, it was revealed that a subsidiary of telecommunications giant Telefonica, Movistar, will have first choice of one match from each round of fixtures for 250 million euros a season.
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Meanwhile, multimedia communications group Mediapro have the rights to eight other La Liga games each weekend for 633 million euros a season.
The figures are well short of the £5.1 billion three-deal agreed by the Premier League for domestic TV rights in February.
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