The auction for Nortel’s Wireless assets, which comes with a lot of intellectual property in the CDMA and LTE space, was won by Ericsson to the tune of $1.13 billion yesterday. Nokia Siemens Networks, who bid $650 million, lost. RIM was blocked from buying the assets out right, and could not participate in the auction because they refused to accept Nortel’s terms. Ericsson has promised that a minimum of 2,500 employees will be able to keep their jobs, they just have to change their business cards to reflect their new company letterhead. Canada and the USA still have to approve the purchase, but no problems are likely to be faced when the decision, scheduled occur on July 28th, is brought to court. There will be an analyst call on Monday to discuss further details, which you can listen to here.