Nortel to acquire PEC Solutions, Inc. for US$448 million to accelerate U.S. federal business; Creates U.S. entity to address national security, civil government, intelligence and next generation law enforcement opportunities.

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M2 PRESSWIRE-26 April 2005-NORTEL NETWORKS: Nortel to acquire PEC Solutions, Inc. for US$448 million to accelerate U.S. federal business; Creates U.S. entity to address national security, civilgovernment, intelligence and next generation law enforcement opportunities(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:26042005 WASHINGTON - Nortel* [NYSE/TSE: NT] announced a definitive agreement that Nortel's U.S.

subsidiary, Nortel Networks Inc. (NNI), will acquire Virginia-based PEC Solutions, Inc.* [NASDAQ: PECS], a leading government IT services firm, and create U.S.-based Nortel PEC Solutions to provide mission-critical solutions for U.S. federal, state and local government customers. NNI will acquire PEC for an estimated US$448 million (net of cash acquired)...