Top Qs
Timeline
Chat
Perspective

Boston Communications Group

From Wikipedia, the free encyclopedia

Remove ads

Boston Communications Group, Inc., more commonly called bcgi, was one of the largest prepaid mobile phone companies in the United States until 2007. In 2005, they settled a patent lawsuit brought by Freedom Wireless, a private intellectual property firm based in Phoenix, Arizona. bcgi and its co-defendant had lost a jury trial, which awarded Freedom $128 million in damages. The co-defendants agreed to collectively pay $87 million, of which bcgi's share was $55 million.[1] The stock price jumped from $2.09 to $4.01 upon news of the settlement, because the lawsuit threatened to drive the company into bankruptcy.[2]

On July 12, 2007, Megasoft Ltd. of Hyderabad, India agreed to purchase bcgi in a tender offer, which was settled a few months later.[3]

Remove ads

References

Loading related searches...

Wikiwand - on

Seamless Wikipedia browsing. On steroids.

Remove ads