01.08.2006 – 16:09

Nortel Networks

Advisory - Nortel Second Quarter Financial Results Conference Call

Toronto (ots/PRNewswire)

8:00 a.m. - 9:00 a.m. Eastern Time
                           Thursday, August 3, 2006

www.nortel.com

    What:        Nortel will host a teleconference/audio webcast with the
                 investment community to discuss its Second Quarter 2006
                 results.
    Who:         Mike Zafirovski, President and Chief Executive Officer
                 Peter Currie, Executive Vice President and Chief Financial
                  Officer
                 Terry Glofcheskie, Vice President Investor Relations
    When:        8:00 a.m. - 9:00 a.m. EDT, Thursday, August 3, 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   1-888-211-4395
                    -  International   1-212-231-6007
                 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/q2earnings2006
    Replay:      A replay will be available following the call. You can
                 listen to the teleconference replay at:
                    -  North America   1-800-383-0935
                       Passcode:  21300712 followed by the number sign.
                    -  International   1-402-530-5545
                       Passcode:  21300712 followed by the number sign.
                 Audio webcast replay:
                 http://www.nortel.com/q2earnings2006

Contact:

For further information: Investor Relations, +1(888)901-7286,
+1(905)863-6049, investor@nortel.com; Media Relations, Ann Fuller,
+1(613)768-1208, afuller@nortel.com