TORONTO, ONTARIO–( EMWNews – April 8, 2008) – Nortel (TSX:NT)(NYSE:NT) will host a teleconference/audio webcast with the investment community to discuss its first quarter 2008 results. The earnings press release will be issued at approximately 6:00 a.m. ET over eMediaWorld and the corresponding presentation slides should be available about 30 minutes in advance of the conference call on the Nortel Investor Relations website.

Mike Zafirovski, President and CEO, and Pavi Binning, Executive Vice President and CFO, will present the first quarter 2008 results during a live audio webcast and conference call.

Date: Friday, May 2nd, 2008 
Time: 8:30 a.m. ET

To take part in the audio Webcast, please visit:

http://www.nortel.com/q1earnings2008

To participate in the audio teleconference and Q&A, please call:
     - North America 1-866-225-6564
     - International 1-416-641-6139
--- Please dial in at least 15 minutes prior to the start of the event ---

Replay: A replay of the audio teleconference will be available at 11:00 a.m.
ET at:
     - North America 1-800-408-3053     Passcode: 3256865#
     - International 1-416-695-5800     Passcode: 3256865#

Audio webcast replay: 

http://www.nortel.com/q1earnings2008