That's actually pretty cool.
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AT&T splits phones into work and personal partitions, on any carrier | Ars Technica
Android and iPhone virtualization created by AT&T, no contract required.
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About damn time. I'd love to deal with the work restrictions only under work circumstances (especially cases of work being able to wipe the phone).
That's actually a really nice aspect to this, that you have BYOD on phones with a "can wipe" policy that doesn't delete Joe-Bob's irreplaceable photos of his kids.