ADVISORY/Nortel Networks to Host Metro Optical & Intelligent Networking Webcast.

News/Assignment Editors

ADVISORY...for Wednesday (Oct. 10)

--(BUSINESS WIRE)

Nortel Networks Business Seminar Series

      What: Nortel Networks will host a teleconference/audio webcast
            to review our strategy and solutions for Optical and
            Intelligent Networking in Metropolitan Networks.

       Who: --  Brian McFadden, President Metro Optical Solutions
            --  Mark Tharby, Vice President Intelligent Internet
                Marketing

     When:  11:00 a.m. - 12:00 p.m. EDT, Wednesday, October 10, 2001.

    Where:  To participate via the teleconference, please call the
            following numbers at least 15 minutes prior to the start
            of the event:

            North America: 1-888-211-5784
            International: 1-212-231-6047

            To participate via the audio webcast or access the
            presentation, please visit the following Web page at least
            15 minutes prior to the start of the event:
            http://www.nortelnetworks.com/ir_seminarseries

            Note: Q3 results will not be discussed in this seminar.

    Replay: One hour after the conference, you can listen to the
            replay at:
            -- North America: 1-800-633-8625 Passcode: 19797196#
            -- International: 1-858-812-6450 Passcode: 19797196#
            This replay is available until 5:00 pm EDT, October 20,
            2001.

            Audio webcast replay:
            http://www.nortelnetworks.com/ir_seminarseries

About Nortel Networks

Nortel Networks Corporation (NYSE:NT) (TSE:NT.) is a global leader in networking and communications solutions and infrastructure for service providers and corporations.

Note to Editors: The code for the replay of the conference call ends with a pound sign. Passcode 19802578(pound sign).