Harbinger Capital has sold its 14 percent stake in satellite operator Inmarsat for GBP 431 million. The 64.3 million shares were sold for 670 pence each in a placement managed by Credit Suisse and UBS. Harbinger raised a similar amount last October when it sold a 14 percent stake in Inmarsat. It no longer holds any shares in the satellite company. Inmarsat still works with LightSquared, the Harbinger company investing in a LTE and satellite network in the US.
