Holding company TMT Capital Corp. said this week that its subsidiary Freedom Wireless has a mobile virtual network agreement that allows it to sell GSM voice, data and messaging services in the U.S. "across the largest GSM cellular network footprint in the continental U.S."-presumably...
Boston Communications Group Inc.'s woes continued this week as the company said it will slash its workforce by 21 percent. The company also said it received a notice of noncompliance with listing standards from the Nasdaq Stock Market.BCGI, which develops billing and payment software...
PHOENIX-Freedom Wireless Inc. sued two wireless carriers and three service providers for allegedly violating the company's patents on providing prepaid wireless services. Cingular Wireless L.L.C. and Alltel Corp. are named as defendants in two separate suits, along with their prepaid suppliers: Ericsson Inc. is...
BEDFORD, Mass.-Boston Communications Group Inc. said the settlement of all patent litigation brought against it by Freedom Wireless has been completed. The two companies announced a settlement in July that called for BCGI to pay $55.3 million for licensing rights to Freedom Wireless' patents....
BEDFORD, Mass.—Boston Communications Group Inc. said the settlement of all patent litigation brought against it by Freedom Wireless has been completed. The two companies announced a settlement in July that called for BCGI to pay $55.3 million for licensing rights to Freedom Wireless’ patents....
Freedom Wireless Inc. scored another licensing agreement as Virgin Mobile USA L.L.C. agreed to use the patent holding company's prepaid wireless billing technology. The agreement resolves Freedom's claims of patent infringement against the mobile virtual network operator-a joint venture between Richard Branson's Virgin Group...
Boston Communications Group Inc. settled its long-running dispute with Freedom Wireless Inc., agreeing to pay $55.3 million to the patent-holding firm.BCGI suffered a potentially fatal blow last year when a Massachusetts U.S. District Court ruled the company had infringed on two patents for wireless...
BEDFORD, Mass.—Boston Communications Group Inc. settled its long-running legal dispute with Freedom Wireless Inc., agreeing to pay $55.3 million to the patent-holding firm. The provider of prepaid billing software suffered a potentially fatal blow last year when a Massachusetts U.S. District Court ruled the...
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...
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...
WAKEFIELD, N.H.—Prepaid reseller Freedom Phone Services introduced a new prepaid phone plan that starts at $10 per month. Customers must pay ahead of time and essentially have a month-to-month arrangement; they have a month to use their allotted minutes and then can choose whether...
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...
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...
LITTLE ROCK, Ark.-Alltel Corp. will partner with Kmart Corp. to sell wireless phones and service in kiosks at select Kmart stores. Alltel has kiosks at 43 stores in 15 states; Kmart operates about 415 stores within Alltel's coverage area. Terms were not disclosed for...
LITTLE ROCK, Ark.-Alltel Corp. will partner with Kmart Corp. to sell wireless phones and service in kiosks at select Kmart stores. Alltel has kiosks at 43 stores in 15 states; Kmart operates about 415 stores within Alltel's current coverage area. Terms were not disclosed...
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....
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...
BEDFORD, Mass.-Boston Communications Group Inc. said it placed $41 million into escrow to be used as bond if a $128 million judgment against it is upheld. Cingular Wireless L.L.C. also agreed to post bond for any amount in excess of the $41 million for...
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...
American Tower Corp. announced a call for redemption of $75 million principal amount of its 9.375-percent senior notes due 2009. The redemption date is set for July 21. The notes will be redeemed at a price equal to 104.688 percent of the principal amount,...
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...
