BOSTON—American Tower Corp. says it intends to "vigorously defend" its stock-option granting practices in the face of two lawsuits filed just days after the company received a subpoena from a New York district attorney. AMT said a securities class action lawsuit was filed against...
The nationwide investigation into executive stock-option grants seems to be widening daily. And some major players in wireless are coming under the microscope. At issue is the practice of retroactively changing dates stock-option grants become effective. Stock options-allowing employees to purchase shares of the...
BOSTON—American Tower Corp. said it received a subpoena in the rapidly widening probe of stock-option grants that is ensnaring several major wireless players. The company, which owns and operates more than 22,000 broadcast and wireless communications sites, confirmed it received the subpoena from the...
BEDFORD, Mass.—Prepaid services provider Boston Communications Group Inc. appears to be the latest wireless company to fall under suspicion for questionably timed stock-options grants. According to a report in the Wall Street Journal, BCGI approved stock-options grants to senior executives three times during a...
This year is supposed to be the Year of the Launch for the new generation of mobile virtual network operators, the time when these MVNOs get on their feet and begin to gain traction in the wireless race. With several high-profile MVNOs already launched,...
BEDFORD, Mass.—Boston Communications Group Inc. was hit hard by the ongoing defections of Verizon Wireless, Cingular Wireless L.L.C. and Alltel Corp. from its real-time billing platform, and said it would be relying heavily on Sprint Nextel Corp. for future revenues. BCGI’s net income for...
The hype surrounding mobile virtual network operators has created a new segment of the mobile industry with MVNO enablement, and a myriad of companies are eager to tell would-be operators the best way to plunge into the MVNO space. Last week, DBS Communications launched...
BEDFORD, Mass.-Shares of Boston Communication Group Inc. jumped more than 25 percent after a U.S. appeals court halted an order that would have forced the company to stop selling prepaid services to some of its carrier customers. The U.S. Court of Appeals for the...
BOSTON-Shares of Boston Communications Group Inc. continued to languish as the company reported a third-quarter net loss of more than $40 million. BCGI cited its ongoing legal fight with Freedom Wireless for the loss, taking a non-cash charge of $40.3 million in connection with...
BOSTON-Shares of Boston Communications Group Inc. continued to languish as the company reported a third-quarter net loss of more than $40 million. BCGI cited its ongoing legal fight with Freedom Wireless for the loss, taking a non-cash charge of $40.3 million in connection with...
Boston Communications Group Inc. suffered another legal setback when a federal judge ordered the company to stop providing the prepaid wireless services that account for 70 percent of its revenue. BCGI provides a platform carriers like Cingular Wireless L.L.C. use to deploy prepaid offerings....
Boston Communications Group Inc. suffered yet another legal setback Monday when a federal judge ordered the company to stop providing the prepaid wireless services that account for 70 percent of its revenue. The U.S. Federal District Court for the District of Massachusetts granted the...
NEW YORK-Boston Communications Group Inc. announced a suite of services designed to support the launch and management of mobile virtual network operators.The company's MVNO Services Suite includes its billing, access management, payment and network solutions with MVNO-focused technology and business consulting services. The solution...
Embattled prepaid wireless service platform provider Boston Communications Group Inc. has granted preferred stock purchase rights for its shareholders in an effort to stave off any possible takeover attempt. The rights, which will trade automatically with the underlying common stock, may be exercised only...
Boston Communications Group Inc. placed $41 million into escrow to be used as bond if a $128 million judgment against it is upheld, the company said late Wednesday. Cingular Wireless L.L.C. also agreed to post bond for any amount in excess of the $41...
BEDFORD, Mass.-Boston Communications Group Inc. and Freedom Wireless Inc. will head back to court today after being unable to reach a settlement in a case that could spell bankruptcy for BCGI.Freedom won a $128 million decision in May from an eight-person jury that found...
BEDFORD, Mass.-Boston Communications Group Inc. said an independent auditor will reissue its opinion on the company's 2004 financial statements in the wake of the company's loss in a $128 million patent infringement suit. BCGI said accounting firm Ernst & Young LLP will reissue its...
WOBURN, Mass.-Boston Communications Group Inc. said it will contest a class-action suit brought by some shareholders in the wake of last month's $128 million patent-infringement verdict.The new suit seeks unspecified damages against the wireless network access management and back-end services provider, claiming among other...
Still reeling from last week's lawsuit that saw Freedom Wireless Inc. win a $128 million decision, Boston Communications Group Inc. shook up its front office and announced the acquisition of an Internet filtering software developer.BCGI said it will spend $5.8 million to acquire California-based...
Amp'd Mobile, a mobile virtual network operator that targets the youth market, has signed a letter of intent with Verizon Wireless to develop a fully integrated MVNO for youth and young adults using Verizon's broadband EV-DO network. The service is expected to launch during...
The wireless industry is stooping to conquer. Nickelodeon is partnering with content developer Jamdat to produce mobile games based on two of the network's most popular shows, "Dora the Explorer" and "Blue's Clues." The games will be targeted at perhaps the most unlikely of...
Boston Communications Group Inc. said it has received notice that Verizon Wireless will move forward with a national launch of an internal prepaid platform, rather than keeping its customers on BCGI's platform.Verizon said it will immediately begin activating new subscribers on the internal system....
WOBURN, Mass.-Boston Communications Group Inc. completed interoperability testing to verify compatibility of its Prepaid Wireless for GSM networks using CAMEL standards for intelligent networking. CAMEL compliance was tested and certified at Nortel Networks Ltd.'s interoperability testing facility in Richardson, Texas.BCGI's prepaid wireless offering supports...
NEW YORK-Purchasers of Boston Communications Group Inc.'s publicly traded securities between June 12, 2003, and July 16, 2003, have filed a class-action lawsuit against BCGI alleging the company issued false and misleading statements concerning its business.BCGI attempted to reassure investors that contract negotiations with...
