Likewize Corp. agreed to acquire Optus Insurance Services Pty Limited from Singapore Telecommunications Limited (SGX:Z74) for AUD 200 million on December 21, 2021. 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 transaction is subject to regulatory approval. The transaction is expected to be completed in the second quarter of the 2022.