Ericsson (NASDAQ:ERIC) is part of the winning bid for all of Nortel’s remaining patents and patent applications for a cash purchase price of $4.5 billion. The transaction is subject to approval by the U.S and Canadian Bankruptcy Courts.Kasim Alfalahi, Chief Intellectual Property Officer at Ericsson, says: "The Nortel patent portfolio reflects the heritage of more than 100 years of its R&D activities and includes some essential patents in telecommunications and other industries. We believe the consortium is in the best position to utilize the patents in a manner that will be favorable to the industry long term."Ericsson has a potential upside of 7.8% based on a current price of $14.38 and an average consensus analyst price target of $15.49.