TORONTO, ONTARIO–(EMWNews – July 23, 2008) – Nortel (TSX:NT)(NYSE:NT) will host a teleconference/audio webcast with the investment community to discuss its second quarter 2008 results. The earnings press release will be issued at approximately 6:00 a.m. ET over EMWNews and the corresponding presentation slides should be available about 30 minutes in advance of the conference call on the Nortel’s Investor Relations website.

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

Date: Friday, August 1st, 2008
Time: 8:30 a.m. ET

To take part in the audio Webcast, please visit:

http://www.nortel.com/q2earnings2008

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: 3265567#
        - International 1-416-695-5800        Passcode: 3265567#

Audio webcast replay:

http://www.nortel.com/q2earnings2008