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Date: September 17, 2008 Time: 9:00 AM ET Supplementary materials: Nortel Announces Preliminary View of the Third Quarter and Revised Full Year 2008 Outlook Real Player plug-in required to listen to the webcast. Get the plug-in

Description: Nortel hosted a teleconference/audio webcast with the investment community and provided a business update and Q&A.

• Mike Zafirovski, President & Chief Executive Officer
• Pavi Binning, Chief Financial Officer
• Janet Craig, Vice President, Investor Relations

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Audio Conference Playback This replay will be available until 5:00 pm ET, October 15, 2008. North America: 1-800-408-3053 International:  1-416-695-5800 Passcode: 3270864# Media Contacts Mohammed Nakhooda 905-863-7047 mohammnar@nortel.com Karen Monaghan 613-763-1133 kmonagha@nortel.com Jay Barta 972-685-2381 jbarta@nortel.com