Harbinger increases stake in Motient

By Lisa Kerner

Charlotte, N.C., Feb. 21 - Harbinger Capital Partners Master Fund I, Ltd. increased its stake in Motient Corp. with the purchase of 5.1 million shares of the company stock priced between $8.01 and $9.00 per share between Jan. 9 and Feb. 20.

The fund now beneficially owns 12,986,803 shares or 17.9% of the Lincolnshire, Ill., mobile satellite services company, according to a schedule 13D Securities and Exchange Commission.

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