Nortel Networks

/C O R R E C T I O N -- Nortel/

    Toronto, Canada (ots/PRNewswire) - In the news release, "Advisory - Nortel Business Update Teleconference"  issued on 11 May 2006 17:49 GMT, by Nortel NYSE:NT over PR Newswire, we are  advised by a representative of the company that an error occurred in the  "Where" section of the release. The phone numbers provided should have  read "North America 1-888-211-4395" and "International +1-212-271-4505" and  not "North America 1-800-681-7958" and "International +1-212-231-6020" as  originally issued inadvertently. Complete, corrected release follows:

@@start.t1@@      Advisory - Nortel Business Update Teleconference
      8:30 a.m. Eastern Time
      Tuesday, May 16, 2006
      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
                      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
                          -  North America 1-888-211-4395
                          -  International +1-212-271-4505
                      To participate via the audio webcast, please visit the
                      following webpage at least 15 minutes prior to the start of the
      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:

ots Originaltext: Nortel Networks
Im Internet recherchierbar:

For further information: Investor Relations - (888)-901-7286,
+1-(905)-863-6049,; Media Relations - Patricia
Vernon, +1-(905)-863-1035,

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