Sprint CEO Won't Let Go of Clearwire - TheStreet

OVERLAND PARK, Kan. (

TheStreet

) --

Sprint Nextel

(S) - Get Report

CEO Dan Hesse said he expects his company to retain a majority stake in

Clearwire

(CLWR)

.

"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

Reuters

.

Sprint's stake in Clearwire has been placed at between 51% and about 55%. Other Clearwire investors are

Comcast

(CMCSK)

,

Time Warner Cable

(TWC)

,

Google

(GOOG) - Get Report

and

Intel

(INTC) - Get Report

.

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

Deutsche Telekom

(DT) - Get Report

. Hesse declined comment.