Likewize announces US$140 million acquisition of Optus subsidiary and 15-year partnership with Optus
DALLAS, Dec. 21, 2021 /PRNewswire/ -- Likewize Corp. ("Likewize") today announced that it has entered into an agreement to buy 100% of the shares of Optus Insurance Services Pty Limited ("OIS"), a wholly owned subsidiary of Singtel Optus Pty Limited ("Optus"). Likewize also announced that it signed a fifteen-year agreement to exclusively provide Optus customers with device insurance services, plus device replacement and upgrade programs. The total consideration under these agreements is A$200 million (approximately US$140 million).
- DALLAS, Dec. 21, 2021 /PRNewswire/ --Likewize Corp. ("Likewize") today announced that it has entered into an agreement to buy 100% of the shares of Optus Insurance Services Pty Limited ("OIS"), a wholly owned subsidiary of Singtel Optus Pty Limited ("Optus").
- Likewize also announced that it signed a fifteen-year agreement to exclusively provide Optus customers with device insurance services, plus device replacement and upgrade programs.
- Likewize is the world's leading tech protection and support company, committed to making every tech problem painless.
- We believe that this acquisition, together with several, recent large customer wins, position Likewize to continue to deliver strong growth moving forward."