NORTEL NETWORKS : David I. Richardson Appointed to Nortel Board of Directors

TORONTO--(Marketwire - March 30, 2009) - Nortel(1) Networks
Corporation (TSX: NT) (OTCBB: NRTLQ) announced today that David I.
Richardson has been appointed to the Company's Board of Directors,
effective March 27, 2009. Mr. Richardson has also been appointed to
the Nortel Networks Limited Board of Directors.

Mr. Richardson served as the Canadian National Managing Partner of
the Corporate Finance practice of Ernst & Young LLP and as the senior
partner in the firm's Corporate Recovery and Restructuring practice
until his retirement from the partnership in 2002. He has extensive
experience advising organizations with respect to business and
financial restructurings and has provided such advice to governments,
regulators, lenders and major public and private corporations
throughout his career. Mr. Richardson currently serves as a Director
and Chairman of the Audit Committee of the Board of Directors of ACE
Aviation Holdings, and as a Director and Chairman of the Board of
Directors of Air Canada.

Also, effective March 31, 2009, Dr. Manfred Bischoff has decided to
step down from the Boards of Directors of Nortel Networks Corporation
and Nortel Networks Limited.

About Nortel

Nortel is a recognized leader in delivering communications
capabilities that make the promise of Business Made Simple a reality
for our customers. Our next generation technologies, for both service
provider and enterprise networks, support multimedia and business
critical applications. Nortel's technologies are designed to help
eliminate today's barriers to efficiency, speed and performance by
simplifying networks and connecting people to the information they
need, when they need it. Nortel does business in more than 150
countries around the world. For more information, visit Nortel on the
Web at www.nortel.com. For the latest Nortel news, visit
www.nortel.com/news.

Certain statements in this press release may contain words such as
"could", "expects", "may", "should", "will", "anticipates",
"believes", "intends", "estimates", "targets", "envisions", "seeks"
and other similar language and are considered forward-looking
statements or information under applicable securities laws. These
statements are based on Nortel's current expectations, estimates,
forecasts and projections about the operating environment, economies
and markets in which Nortel operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult to
predict, and the actual outcome may be materially different. Further,
actual results or events could differ materially from those
contemplated in forward-looking statements as a result of the
following (i) risks and uncertainties relating to Nortel's Creditor
Protection Proceedings including:

(a) risks associated with Nortel's ability to: stabilize the business
to maximize the chances of preserving all or a portion of the
enterprise; develop, obtain required approvals for, and implement a
comprehensive restructuring plan, and narrow Nortel's strategic focus
in an effective and timely manner; resolve ongoing issues with
creditors and other third parties whose interests may differ from
Nortel's; successfully implement a comprehensive restructuring plan;
generate cash from operations and maintain adequate cash on hand;
operate within the restrictions and limitations of the current EDC
Support Facility or put in place a longer term solution; if
necessary, arrange for sufficient debtor-in-possession or other
financing; continue to maintain cash management arrangements and
obtain any further approvals from the Canadian Monitor, the U.K.
Administrators, the U.S. Creditors' Committee, or other third
parties, as necessary to continue such arrangements; raise capital to
satisfy claims, including Nortel's ability to sell assets to satisfy
claims against us; obtain sufficient exit financing to support a
comprehensive restructuring plan; maintain R&D investments; realize
full or fair value for any assets or business that may be divested as
part of a comprehensive restructuring plan; utilize net operating
loss carryforwards and certain other tax attributes in the future;
avoid the substantial consolidation of NNI's assets and liabilities
with those of one or more other U.S. Debtors; attract and retain
customers or avoid reduction in, or delay or suspension of, customer
orders as a result of the uncertainty caused by the Creditor
Protection Proceedings; maintain market share, as competitors move to
capitalize on customer concerns; operate Nortel's business
effectively in consultation with the Canadian Monitor, and work
effectively with the U.K. Administrators in their administration of
the business of the EMEA Debtors; actively and adequately communicate
on and respond to events, media and rumors associated with the
Creditor Protection Proceedings that could adversely affect Nortel's
relationships with customers, suppliers, partners and employees;
retain and incentivize key employees and attract new employees;
retain, or if necessary, replace major suppliers on acceptable terms
and avoid disruptions in Nortel's supply chain; maintain current
relationships with reseller partners, joint venture partners and
strategic alliance partners; obtain court orders or approvals with
respect to motions filed from time to time; resolve claims made
against Nortel in connection with the Creditor Protection Proceedings
for amounts not exceeding Nortel's recorded liabilities subject to
compromise; prevent third parties from obtaining court orders or
approvals that are contrary to Nortel's interests; reject, repudiate
or terminate contracts; and

(b) risks and uncertainties associated with: limitations on actions
against any Debtor during the Creditor Protection Proceedings; the
values, if any, that will be prescribed pursuant to any comprehensive
restructuring plan to outstanding Nortel securities; the delisting of
NNC common shares from the NYSE; and the potential delisting of NNC
common shares and NNL preferred shares from the TSX; and (ii) risks
and uncertainties relating to Nortel's business including: the
sustained and expanding economic downturn and extraordinarily
volatile market conditions and resulting negative impact on Nortel's
business, results of operations and financial position and its
ability to accurately forecast its results and cash position;
cautious capital spending by customers as a result of factors
including current economic uncertainties; fluctuations in foreign
currency exchange rates; any requirement to make larger contributions
to defined benefit plans in the future; a high level of debt, arduous
or restrictive terms and conditions related to accessing certain
sources of funding; the sufficiency of workforce and cost reduction
initiatives; any negative developments associated with Nortel's
suppliers and contract manufacturers including Nortel's reliance on
certain suppliers for key optical networking solutions components and
on one supplier for most of its manufacturing and design functions;
potential penalties, damages or cancelled customer contracts from
failure to meet contractual obligations including delivery and
installation deadlines and any defects or errors in Nortel's current
or planned products; significant competition, competitive pricing
practices, industry consolidation, rapidly changing technologies,
evolving industry standards, frequent new product introductions and
short product life cycles, and other trends and industry
characteristics affecting the telecommunications industry; any
material, adverse affects on Nortel's performance if its expectations
regarding market demand for particular products prove to be wrong;
potential higher operational and financial risks associated with
Nortel's international operations; a failure to protect Nortel's
intellectual property rights; any adverse legal judgments, fines,
penalties or settlements related to any significant pending or future
litigation actions; failure to maintain integrity of Nortel's
information systems; changes in regulation of the Internet or other
regulatory changes; Nortel's potential inability to maintain an
effective risk management strategy.

For additional information with respect to certain of these and other
factors, see Nortel's Annual Report on Form 10-K for the year ended
December 31, 2008 and other securities filings with the United States
Securities and Exchange Commission. Unless otherwise required by
applicable securities laws, Nortel disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

(1)Nortel, the Nortel logo and the Globemark are trademarks of Nortel
Networks.


Contacts:
Nortel
Jay Barta
Media
[phone]
[e-mail]

Nortel
Mohammed Nakhooda
Media
[phone]
[e-mail]

Nortel
Investors
[phone] or [phone]
[e-mail]
www.nortel.com


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