Channel Ten has advised via its @tensporttv twitter account that they will be broadcasting all Formula One races live in 2012. “We will be showing all races live and exclusive,” the tweet reads.

Concerns over local free-to-air (FTA) coverage were raised when the BBC, the source network for Australia’s current F1 broadcasts, signed a shared rights agreement with pay TV network Sky Sports. That new agreement will commence next year and will see the BBC cover around half of the season live, with the remaining races to be broadcast as a highlights package shortly after each race has finished.

Sky Sports will cover every race live and has lured Martin Brundle from the Beeb with a lucrative contract rumoured to be around £1 million per year.

While Ten can confirm they will provide FTA coverage of all races in 2012, the source of the television feed has not been decided. “Details regarding commentary are being finalised, and once confirmed we will let you know,” the station advises.

[Pic: Red Bull/Getty Images]

UPDATE: Ten also confirms qualifying sessions will continue to be shown live.