Nortel Networks

Advisory - Nortel Business Update Teleconference

Toronto, Canada (ots/PRNewswire) - 8:30 a.m. Eastern Time Tuesday, May 16, 2006 www.nortel.com What: Nortel will host a teleconference/audio webcast with the investment community. Who: Mike Zafirovski, President and Chief Executive Officer Peter Currie, Executive Vice President and Chief Financial Officer Terry Glofcheskie, Vice President Investor Relations When: 8:30 a.m. ET, Tuesday, May 16, 2006 Where: To participate via the teleconference, please call the following numbers at least 15 minutes prior to the start of the event. - North America 1-800-681-7958 - International 1-212-231-6020 To participate via the audio webcast, please visit the following webpage at least 15 minutes prior to the start of the event. http://www.nortel.com/businessupdate Replay: You can listen to the replay at: - North America 1-800-383-0935 Passcode: 21290984 followed by the number sign. - International 1-402-530-5545 Passcode: 21290984 followed by the number sign. Audio webcast replay: http://www.nortel.com/businessupdate ots Originaltext: Nortel Networks Im Internet recherchierbar: http://www.presseportal.ch Contact: For further information: Investor Relations - (888)-901-7286, +1-(905)-863-6049, investor@nortel.com; Media Relations - Patricia Vernon, +1-(905)-863-1035, patricve@nortel.com

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