Nortel

Nortel

March 09, 2005 10:00 ET

Nortel Announces Wireless Demonstrations and Speaking Engagement at CTIA 2005; Nortel CEO Bill Owens To Participate in Roundtable Discussion


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTEL

NYSE, TSX SYMBOL: NT

MARCH 9, 2005 - 10:00 ET

Nortel Announces Wireless Demonstrations and Speaking
Engagement at CTIA 2005; Nortel CEO Bill Owens To
Participate in Roundtable Discussion

DALLAS--(CCNMatthews - Mar 9, 2005) -

Demonstrations to Include Collaborations with M.I.T. Media Lab,
Innovations from Nortel Advanced Technology Labs Along with Access,
Security and Services

Nortel (NYSE:NT) (TSX:NT), a global leader in wireless infrastructure
and advanced third-generation (3G) technologies, today announced an
overview of its show activities for this year's CTIA conference in New
Orleans March 14-16, 2005.

"The CTIA show provides a perfect forum for Nortel to showcase our
wireless solutions that enhance the human experience, ignite and power
global commerce, and secure and protect the world's most critical
information," Nortel vice president, Carrier Networks Dave Murashige
said.

Nortel CEO Bill Owens will participate in a wireless infrastructure
keynote roundtable moderated by CTIA president Steve Largent on Tuesday,
March 15 at 9 a.m. This session will take place at Hall H at the Ernest
M. Morial Convention Center and is open to all show registrants.

Nortel's public demonstrations (Hall C, booth #3125) will include:

-- Nortel's Wireless Technology Labs (WTL) will showcase demonstrations
and prototype displays reflecting advances in component design and
micro-locations services that locate wireless devices, and the people
carrying them, within a few feet. The display will also include ongoing
advancements in OFDM technology which is often referred to as "beyond
3G".

-- The Massachusetts Institute of Technology (M.I.T.) Media Lab -
M.I.T. research leaders will provide demonstrations of current projects
under way in the lab including "Viral Communications" (network
architecture), "LiveNet Streaming Medical Data" (cutting-edge
applications), and "Cellular Bunny" and "Network Bag" (creative advances
in human-factors interfaces). Nortel's Advanced Technology Research
Partnership Program fulfills its mission by exploring emerging
technologies with leading academic research institutions.

In addition to these public demos, Nortel will provide private demos on
request in five key technology areas:

-- CDMA Broadband Unplugged with enterprise vertical and consumer
applications leveraging Converged Multimedia portfolio and Converged
Core.

-- GSM/UMTS - including HSDPA, R4 solution, IMS-Ready Packet Core, OAM
(Operations, Administration, and Maintenance, BTS18000, spectral
efficiency solutions and IMS, Nortel's recently launched Converged
Multimedia Services solutions.

-- Security - including Nortel's high-performance security products

-- Wireless Mesh Network solutions that extend innovative WiFi
broadband coverage to municipal cities, rural communities and campus
environments.

-- Global Services for Wireless - including a focus on maximizing
network investments.

Journalists interested in scheduling executive briefings or a tour of
Nortel's private demos can contact Jamie Moody at moodyjam@nortel.com or
Camille Beasley at beasleyc@fleishman.com. A complete list of
demonstrations is available at
www.nortel.com/corporate/events/2005a/ctia2005/booth.html. These
demonstrations will be available each day during show floor hours (10:30
a.m. to 5 p.m.) in Hall C, booth #3125.

For more information on Nortel's participation at CTIA, visit
www.nortel.com/corporate/events/2005a/ctia2005/index.html. For more
information on the CTIA show, visit www.ctiawireless.com.

About Nortel

Nortel is a recognized leader in delivering communications capabilities
that enhance the human experience, ignite and power global commerce, and
secure and protect the world's most critical information. Serving both
service provider and enterprise customers, Nortel delivers innovative
technology solutions encompassing end-to-end broadband, Voice over IP,
multimedia services and applications, and wireless broadband designed to
help people solve the world's greatest challenges. Nortel does business
in more than 150 countries. For more information, visit Nortel on the
Web at www.nortel.com. For the latest Nortel news, visit
www.nortel.com/news.

Certain information included in this press release is forward-looking
and is subject to important risks and uncertainties. The results or
events predicted in these statements may differ materially from actual
results or events.

Factors which could cause results or events to differ from current
expectations include, among other things: the outcome of regulatory and
criminal investigations and civil litigation actions related to Nortel's
restatements and the impact any resulting legal judgments, settlements,
penalties and expenses could have on Nortel's results of operations,
financial condition and liquidity; the findings of Nortel's independent
review and implementation of recommended remedial measures; the outcome
of the independent review with respect to revenues for specific
identified transactions, which review will have a particular emphasis on
the underlying conduct that led to the initial recognition of these
revenues; the restatement or revisions of Nortel's previously announced
or filed financial results and resulting negative publicity; the
existence of material weaknesses in Nortel's internal controls over
financial reporting; the impact of Nortel's and NNL's failure to timely
file their financial statements and related periodic reports, including
breach of its support facility and public debt obligations and Nortel's
inability to access its shelf registration statement filed with the
United States Securities and Exchange Commission ("SEC"); ongoing SEC
reviews, which may result in changes to our public filings; the
potential delisting or suspension of Nortel's and NNL's publicly traded
securities; the impact of management changes, including the termination
for cause of Nortel's former CEO, CFO and Controller in April 2004; the
sufficiency of Nortel's restructuring activities, including the work
plan announced on August 19, 2004 as updated on September 30, 2004,
including the potential for higher actual costs to be incurred in
connection with restructuring actions compared to the estimated costs of
such actions;

cautious or reduced spending by Nortel's customers; fluctuations in
Nortel's operating results and general industry, economic and market
conditions and growth rates; fluctuations in Nortel's cash flow, level
of outstanding debt and current debt ratings; Nortel's ability to
recruit and retain qualified employees; the use of cash collateral to
support Nortel's normal course business activities; the dependence on
Nortel's subsidiaries for funding; the impact of Nortel's defined
benefit plans and deferred tax assets on results of operations and
Nortel's cash flow; the adverse resolution of class actions, litigation
in the ordinary course of business, intellectual property disputes and
similar matters; Nortel's dependence on new product development and its
ability to predict market demand for particular products; Nortel's
ability to integrate the operations and technologies of acquired
businesses in an effective manner; the impact of rapid technological and
market change; the impact of price and product competition; barriers to
international growth and global economic conditions, particularly in
emerging markets and including interest rate and currency exchange rate
fluctuations; the impact of rationalization in the telecommunications
industry; changes in regulation of the Internet; the impact of the
credit risks of Nortel's customers and the impact of customer financing
and commitments; stock market volatility generally and as a result of
acceleration of the settlement date or early settlement, which is
currently not available, of Nortel's forward purchase contracts; the
impact of Nortel's supply and outsourcing contracts that contain
delivery and installation provisions, which, if not met, could result in
the payment of substantial penalties or liquidated damages; and the
future success of Nortel's strategic alliances.

For additional information with respect to certain of these and other
factors, see the most recent Annual Report on Form 10-K and Quarterly
Report on Form 10-Q filed by Nortel with the SEC. Unless otherwise
required by applicable securities laws, Nortel disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

Nortel, the Nortel logo and the Globemark are trademarks of Nortel
Networks.

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