Sprint Ventures Into Mobile Security

Light Reading reports that Sprint Nextel's (S) new venture capital arm, Sprint Ventures, will have mobile security as one of its key focus areas.

Iain Gillott at iGillott Research said, "Sprint sells the quality of the network and they have a pretty big base of enterprise users. If viruses get into the network then they're toast."

According to the article, "other areas of focus for Sprint Ventures will include mobile entertainment, mobile commerce and advertising, fixed/mobile convergence, and any opportunities where companies can bridge wireless and our joint ventures with cable partners." Sprint Ventures has made only a single, undisclosed investment.