Regional pay TV provider Austar will seek court approval to postpone a shareholder vote on Foxtel's proposed take-over because the competition watchdog is yet to approve the deal.

Foxtel and Webjet have both reported strongly yearly results.

NBN Co has secured 24 licences and Telstra has nabbed 12 in the Australian Communications and Media Authority (ACMA) 2.3GHz spectrum auction.

Regional pay-tv provider Austar United Communications has urged caution following media reports that Foxtel is about to formalise its bid for the company.

Foxtel has announced its intentions to acquire Austar at a price of $1.52 per share in a condition proposal to the subscription TV service provider.

Latest acquisition is expected to add about $1.3 million to M2's bottom line.

The company responsible for rolling out the National Broadband Network, NBN CO, has purchased pay TV provider, AUSTAR’s, 2.3GHz and 3.4GHz spectrum to roll out wireless broadband to rural and regional areas.

Samsung’s printers division has dropped four distributors as part of plans to realign its channels into business and consumer areas.