OVERLAND PARK, Kan. (
CEO Dan Hesse said he expects his company to retain a majority stake in
"I would find it hard for me to imagine a situation where we would let our ownership go below 50%," Hesse said in response to a question on whether the venture would be involved in consolidation, according to
Sprint's stake in Clearwire has been placed at between 51% and about 55%. Other Clearwire investors are
Time Warner Cable
Clearwire, a provider of mobile broadband services, last month received $1.56 billion from investors to continue the build out of its nationwide wireless data network. Sprint put up $1.176 billion.
The question for Hesse was asked amid speculation on whether Sprint itself could become an acquisition target for
. Hesse declined comment.