March 07, 2005 12:00 ET

Nortel Supplier Forum Honors Achievements of Top Performers




MARCH 7, 2005 - 12:00 ET

Nortel Supplier Forum Honors Achievements of Top

DALLAS--(CCNMatthews - Mar 7, 2005) -

Nortel (NYSE:NT)(TSX:NT) honored the achievements of its top performing
suppliers at the ninth annual Nortel Supplier Forum held recently at the
Renaissance Hotel in Richardson, Texas.

More than 300 attendees representing 150 of Nortel's Strategic and
Preferred suppliers were on hand as Nortel's Sue Spradley, president,
Global Operations and John Haydon, vice president, Global Supply
Management presented the following awards for 2004:

-- Supplier of the Year - Andrew Corporation

-- Supplier Representative of the Year - Bob Seeley, Sun Microsystems;
Bob Shaw, Wind River

-- Quality and Service (Technology Supplier) - InfoSys Technologies;
Sasken Communication Technologies

-- Innovation (Technology Supplier) - Texas Instruments

-- Innovation (Services Supplier) - Procom Consultants Group

"These awards recognize outstanding supplier contributions and reinforce
the importance of all of our suppliers as we continually strive to
improve on Nortel's 'best-in-class' global supply chain," Spradley said.
"Our customers need secure, reliable and innovative networking solutions
that position them to succeed in local and global markets, and we need
high-performance suppliers to help us deliver those solutions."

"Our awards committee took into account all aspects of our supplier
relationships and judged the winners based on the value, velocity and
vision they brought to the table for Nortel," Haydon said. "These top
performers exemplified the close collaboration that is paramount to both
their success and ours."

The Forum featured a variety of Nortel speakers discussing current
global business issues and directions, as well as strategies and outlook
for various market segments. The agenda also featured presentations from
the perspectives of both customers and suppliers.

Nortel's first annual Diversity Summit was also held recently in
Richardson. The summit featured a presentation by John Berry, leader,
Diversity, Nortel on Nortel's new Diversity Strategy. The more than 65
attendees representing 45 of Nortel's Diversity Suppliers also heard the
latest business overviews from various Nortel portfolio leaders.

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 For the latest Nortel news, visit

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


Contact Information

    Jay Barta, 972-685-2381