They join Ricky Ponting and Adam Gilchrist for the Big Bash League.
TEN CEO Hamish McLennan, said: “Mark and Damien are fantastic additions to our commentary team for the KFC T20 Big Bash League and will be a perfect fit with Ricky and Adam.
“We have assembled a great team. This team will bring a new level of enthusiasm and passion to cricket commentary and will ensure the KFC T20 Big Bash League’s debut on free-to-air television in December is a great success.”
Mark Waugh said: “I am really looking forward to joining my old team mates in the commentary box. The 2013-14 season is gearing up to be a fantastic competition.
“The fact that the KFC T20 Big Bash League is now live and on free-to-air television is a real coup for cricket fans. It’s fantastic to be part of Network TEN at such an exciting time.”
Damien Fleming said: “Network TEN having the rights to broadcast the KFC T20 Big Bash League means a fresh and exciting new era for cricket.
“I am thrilled to be part of an innovative, entertaining and insightful broadcast. Being in the commentary box with my former team mates Ricky, Mark and Adam, will be just like old times.”
TEN’s Big Bash League will be broadcast live from December.