Likewize to Acquire 100% of Shares of Optus Insurance Services for AUD 200m.

MANews-(C)2009-2021

Dallas-based tech protection services company Likewize has agreed to acquire 100% of the shares of Australia-based mobile phone carrier Optus Insurance Services Pty Ltd. (OIS) for a total consideration of AUD 200m (USD 140m), the company said.

Optus Insurance Services Pty Ltd. is a subsidiary of Singtel Optus Pty Ltd.

Likewize announced that it signed a 15-year agreement to exclusively provide Optus customers with device insurance services, plus device replacement and...

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