FASTTAKES: Spice, Saudi Telecom, Netflix

18 Aug 2008

India's Spice is setting up its global headquarters in Singapore. The city state was picked because of its proximity to the fast-growing 'Israel-to-Indonesia' market, Spice said.

European soccer champions Manchester United plans to to sign a partnership deal with Saudi Telecom that could be worth $18.6 million. If the deal goes through it would be the first sports marketing agreement of Saudi Telecom, reports said.

Online DVD rental leader Netflix resumed normal shipments after its distribution centers were crippled by three days of severe technical problems. The firm also offered a 15% credit to customers whose discs were delayed by the outage, the longest disruption in service since Netflix launched its subscription service.

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