Harbinger buys more shares of SkyTerra

By Lisa Kerner

Charlotte, N.C., Feb. 12 - SkyTerra Communications, Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. bought 550,000 shares of the company's stock on Feb. 8 priced at $7.23 per share.

The transaction was reported in a schedule 13D filing with the Securities and Exchange Commission.

Harbinger Master Fund beneficially owns 10,751,658 shares, or 26.9%, of SkyTerra's outstanding stock.

On Jan. 7, Harbinger reported the purchase of 83,996 shares of the company's stock along with warrants to purchase 9,144,038 additional shares.

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

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