SkyTerra

SkyTerra (SKYT), formerly Mobile Satellite Ventures (MSV or MSVLP), is a Reston, Virginia company that develops telecommunications systems that integrate satellite and terrestrial radio communication technologies into one system. In March 2010, the company was acquired by Harbinger Capital Partners and under the leadership of CEO Sanjiv Ahuja became part of a new company called LightSquared The company placed its first satellite, SkyTerra-1, in orbit on November 14, 2010.

The Corporation was founded in 1988 as American Mobile Satellite Corporation. Its acquisition of ARDIS was completed on March 31, 1998. On April 24, 2000, the company changed its name to Motient Corporation, with its stock traded on the NASDAQ National Market under the symbol "MTNT". MSV was formed by the integration of the spun-off satellite operations of Motient and TMI Communications and Company, L.P., a wholly owned subsidiary of BCE Inc. of Canada. The new company has operations in both America and Canada, providing service to both countries and the Caribbean. MSV changed its name to SkyTerra in December 2008. The company was traded Over-the-Counter and was listed on the OTCBB: SKYT. SkyTerra (formerly ‘Mobile Satellite Ventures’) was the first company to receive a Federal Communications Commission license to deploy Ancillary Terrestrial Component (ATC) technology.

In 2005, SkyTerra purchased 50% of Hughes Network Solutions, a subsidiary of the News Corp.-owned DirecTV Group, for $157.4 million, which SkyTerra held under its subsidiary Hughes Communications. In January 2006, DirecTV sold its remaining 50% share in Hughes Network Solutions to SkyTerra for $100 million. Hughes Communications was spun off as a separate company in February 2006, with SkyTerra divesting its entire stake in the company to its shareholders.

TerreStar Corporation, formerly Motient Corporation, was the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd., and a shareholder of SkyTerra Communications.

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