Toronto (ots/PRNewswire)

    8:00 a.m. Eastern Time
    Friday, March 10, 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: 8:00 a.m. ET, Friday, March 10, 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/teleconference
    Replay: You can listen to the replay at:
            - North America 1-800-383-0935 Passcode: 21285361 followed
              by the number sign
            - International 1-402-530-5545 Passcode: 21285361 followed
              by the number sign
    This replay is available until 5:00pm ET on April 6, 2006
    Audio webcast replay:
    http://www.nortel.com/teleconference

Contact:

For further information: Investor Relations, +1-(888)-901-7286,
+1-(905)-863-6049, investor@nortel.com; Media Relations, Patricia
Vernon, +1-(905)-863-1035, patricve@nortel.com