Harbinger increases stake in Motient to 19.4%

By Lisa Kerner

Charlotte, N.C., April 18 - Harbinger Capital Partners Master Fund I, Ltd. and its affiliates increased their stake in Motient Corp. with the purchase of 2,399,899 shares of the company's stock priced between $7.75 and $9.07 per share between March 8 and April 17.

Harbinger Capital beneficially owns 16,404,330 shares, or 19.4%, of the Lincolnshire, Ill., mobile satellite services company, according to a schedule 13D filed with the Securities and Exchange Commission.

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