Nortel Provides Status Update.

PR Newswire Europe, April, 2006

TORONTO, Canada, April 21 /PRNewswire/ -- Nortel Networks(x) Corporation (NYSE: NT, TSX: NT) and its principal operating subsidiary, Nortel Networks Limited ("NNL"), today provided a status update pursuant to the alternate information guidelines of the Ontario Securities Commission ("OSC"). These guidelines contemplate that the Company and NNL will normally provide bi-weekly updates on their affairs until such time as they are current with their filing obligations under Canadian securities laws. All dollar amounts given below are in U.S. dollars.

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As previously announced on April 6, 2006, further revenue adjustments to those initially identified in the March 10, 2006 press release were anticipated...

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