Announced
Financials
Tags
Single Bidder
Private
Friendly
Full Line Insurance
Pending
Majority
Cross Border
insurance services
Acquisition
insurance underwriting
Australia
Synopsis
Likewizes, a global wireless distribution and services provider, agreed to acquire Optus Insurance Services, a provider of insurance products for mobile phones and tablets, from Optus, an Australian telecommunications company, for $140m. "Optus has ensured the transition will be seamless for existing Optus Insurance customers, benefit future customers with Likewize innovations that make customer experience effortless, and enable further revenue growth opportunities for Optus and Likewize," Matt Williams, Optus Managing Director Products and Revenue.
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