SkyTerra Communications Inc. has completed its previously announced acquisition of BCE Inc.’s stake in Mobile Satellite Ventures (MSV), SkyTerra announced Jan. 8.
 
SkyTerra issued about 22.5 million shares of its non-voting common stock to BCE in exchange for about 8 million limited partnership interests in MSV and the corresponding shares in the corporate general partner.

SkyTerra now is the sole owner of MSV’s general partner and about 83 percent of the outstanding limited partnership interests of MSV. SkyTerra’s ownership will increase to 100 percent of the limited partnership interests of MSV upon completion of the remaining exchanges under the existing agreement with the Motient Corp.