Webwire: Netflix profits on streaming; Uninor chairman steps down
US movie rental company Netflix has reported an 86% jump in quarterly profit, and predicts it will begin to see a reduction in DVD mail-outs for the first time in the current quarter as more of its subscribers take to its online streaming service.
Indian operator Uninor will appoint a new chairman, to be selected by minority owner Unitech, after Sanjay Chandra ceded to pressure to step aside while he faces court proceedings over his alleged role in a 2008 2G scandal.
NTT DoCoMo’s network services business NTT Data plans to acquire Italian consulting and systems engineering company Value Team to spearhead a push into Europe and Latin America.
Chinese search engine Baidu is one of 14 websites the country plans to punish for allegedly allowing illegal music downloads.
India's Department of Telecom has fined mobile operators Idea and Spice a combined 276.5 million rupees (€4.2 million) for failing to meet their rollout obligations in five circles.
Online marketing company ValueClick has bought mobile advertising network operator Greystripe for $70 million (€47.8 million), in a deal planned to help improve its scale in the booming US mobile market.