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Date: Tuesday, June 6, 2006 Time: 8:30 - 9:30 AM EDT Supplementary materials: News Release Financial Statements (PDF, 21 KB) Presentation (PDF, 131 KB) Get the plug-in*

Description: Nortel hosted a teleconference/audio webcast with the investment community.

• Q1 2006 revenues of $2.38 billion, essentially flat year over year
• Q1 2006 net loss of $167 million, ($0.04) per common share on a diluted basis
• Q1 2006 cash balance of $2.70 billion

	Mike Zafirovski, President & Chief Executive Officer
	Terry Glofcheskie, Vice President, Investor Relations
Webcast Be sure to test your ability to participate in a streaming media event. If you do not have RealPlayer (version 8 or higher), download Free RealPlayer.
Audio Conference Replay North America: 1-800-383-0935 International: 1-402-530-5545 Nortel Employees: ESN 250-5545 Passcode: 21293763# Investor Contacts Investor Relations Nortel (888) 901-7286 (905) 863-6049 investor@nortel.com