Nortel

Nortel

March 21, 2005 17:49 ET

Nortel to Supply 'Anywhere, Anytime' Communications to Korea's New Black Stone Golf & Resort


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTEL

NYSE, TSX SYMBOL: NT

MARCH 21, 2005 - 17:49 ET

Nortel to Supply 'Anywhere, Anytime' Communications to
Korea's New Black Stone Golf & Resort

SEOUL, South Korea--(CCNMatthews - Mar 21, 2005) -

Network to Deliver Voice, Data Services Resort-Wide Using Wired,
Wireless Technology

The Black Stone Golf & Resort, soon to be opened on Korea's Jeju Island,
has selected an Internet Protocol (IP) telephony and wireless networking
solution from Nortel (NYSE:NT)(TSX:NT) to deliver voice and data
services throughout its club houses, hotels, residential condominiums
and golf courses. The network is being implemented in two phases by ECS
Telecom, a Nortel Korea business partner.

"This integrated IP and mobile network will allow us to deliver levels
of customer service and staff efficiency that are unprecedented in the
golfing resort world," said Tae Won Chun, Black Stone Golf & Resort
facilities manager. "The Nortel solution will deliver telephone and data
services for guests and staff in all of the resort buildings or outside
on the golf course. At the same time, the network will provide a
valuable and very cost-effective productivity tool for game, course and
facilities management."

In the first phase, a Nortel Communication Server 1000 will provide a
high performance, fully converged IP voice and data platform covering
all of Black Stone Golf & Resort buildings. In the second phase, planned
for September 2005, Nortel's voice over wireless local area network
(VoWLAN) and Wireless Mesh Network solutions will be deployed to deliver
resort-wide, indoor-and-outdoor mobile, PDA and WLAN-enabled laptop
coverage. This will provide immediate remote access to innovative
communication services such as golf course guides and real-time scoring
checks for players, as well as 'anywhere, anytime' intercom
connectivity, text messaging, and Push to Talk (PTT) mobility services
for resort management and personnel.

"The Black Stone Golf & Resort represents Korea's first Nortel Wireless
Mesh Network and is the second contract for Nortel's VoWLAN technology
in the country, the first being the successful introduction at the W
Seoul Walkerhill Hotel at the end of last year," said Soo-jin Chung,
managing director, Nortel Korea. "The end-to-end wireline and wireless
network will provide high quality IP telephony and data services for
Black Stone with the flexibility to expand to meet future bandwidth
demands and introduction of new technologies."

Nortel Communication Server 1000 provides a full-featured IP telephony
solution for enterprise. It is a robust, highly reliable, IP-based
platform capable of being distributed across IP wide area networks
(WANs) and delivering a full range of Nortel's proven and sophisticated
telephony features.

Nortel extends IP telephony solutions to mobile users over the Nortel
WLAN 2200 Series converged infrastructure, enabling seamless roaming for
voice and data within and across subnets and between IEEE 802.11a,
802.11b and 802.11g technologies, providing seamless communications
across voice and data, wired and wireless.

Nortel's unique Wireless Mesh Network solution uses wireless links to
connect access points installed indoors or outdoors to provide secure,
seamless access to wireless broadband services. This solution enables
seamless roaming between access points, which means that users do not
lose wireless connections as they move throughout the area served by the
mesh network. Voice, video and interactive multimedia services can also
be used simultaneously in one seamless communication session. In
addition, the Nortel solution uses the Wi-Fi 802.11b standard, allowing
users with Wi-Fi enabled laptop computers or handheld computing devices
to access the network without new hardware or software.

About Black Stone Golf & Resort

The Black Stone Golf & Resort, located in the northern province of Jeju
Island, is a comprehensive and state-of-the-art resort that not only has
environmental-friendly golf courses with stunning scenery, club house
facilities, condominiums and hotels, it also features a marina club on
the seashores of the Beayang-do province where members can enjoy
fishing, water sports, and dining on yachts. Members can also enjoy the
benefits of horseback riding and scenic walks through the forest. The
Black Stone Golf & Resort will host its grand opening in May 2005. For
more information, visit the Black Stone Golf & Resort website at
www.blackstonegolf.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 and consolidation 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.

Use of the terms "partner" and "partnership" does not imply a legal
partnership between Nortel and any other party.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Nortel
    Christie Blake, 978-288-8439
    email: christbl@nortel.com