Harbinger boosts stake in SkyTerra

By Lisa Kerner

Charlotte, N.C., Feb. 19 - SkyTerra Communications, Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. bought an additional 382,960 shares of the company's stock on Feb. 13 and Feb. 14 priced at $7.40 and $7.20 per share.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

On Feb. 12, Harbinger reported the purchase of 550,000 shares of SkyTerra stock.

The investors beneficially own 16,460,896 shares, or 38.3%, of SkyTerra's outstanding stock.

SkyTerra is the parent company of Mobile Satellite Ventures, a Reston, Va.-based satellite company.

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