SkyTerra investors led by Harbinger buy shares, warrants

By Lisa Kerner

Charlotte, N.C., April 9 - SkyTerra Communications, Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. bought an additional 9,781,707 shares of the company's common stock at $10.00 per share as well as 3,212,893 warrants priced at $0.009955 each.

The transactions occurred on April 9 and were reported in a schedule 13D filing with the Securities and Exchange Commission.

Previously, Harbinger reported the purchase of 382,960 shares of the company's stock on Feb. 13 and Feb. 14. Each share was priced at $7.20 or $7.40.

The investors beneficially own 29,455,496 shares, or 63.2%, of SkyTerra's outstanding stock.

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

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