Leap Wireless investor Harbinger may be gearing up for activism, reports 9.8% stake

By Lisa Kerner

Charlotte, N.C., Oct. 14 - Leap Wireless International, Inc. shareholders led by Harbinger Capital Partners Master Fund I, Ltd. said they expect to engage in discussions with the company regarding the near and long-term management and operation of the company, according to a schedule 13D filed with the Securities and Exchange Commission.

Harbinger beneficially owns 6.8 million shares, or 9.8%, of the San Diego-based provider of wireless services.

Harbinger said it wants to share its ideas to maximize value for Leap Wireless shareholders.

The investors reserve the right to be in contact with the company's management, board of directors and other stockholders, the filing said.

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