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Nortel Networks Q4 / Year-End 1999 Earnings Announcement


                              FINANCIAL ANALYSTS 
                           TELECONFERENCE ADVISORY
                             FOR 5:00 PM EASTERN 
                          TUESDAY, JANUARY 25, 2000
    
    www.nortelnetworks.com

    TORONTO, Jan. 13 /CNW/ -

      Nortel Networks Q4 / Year-End 1999 Earnings Announcement

    What:       Nortel Networks will host a teleconference/audio webcast with
                the investment community to discuss Q4 and Year-End 1999
                Earnings.

    Who:        -  John Roth, President & Chief Executive Officer
                -  Frank Dunn, Senior Vice President & Chief Financial
                   Officer
                -  Angela McMonagle, Vice President, Investor Relations

    When:       5:00 pm - 6:00 pm EST, Tuesday, January 25, 2000

    Where:      To participate via the teleconference, please call the
                following numbers at least 15 minutes prior to the start of
                the event -

                North America: 1-888-377-8153
                International: 1-212-231-6030

                To participate via the audio webcast, please visit the
                following Web page at least 15 minutes prior to the start of
                the event -

                http://www.nortelnetworks.com/q499earnings

    What you'll need:  To listen to the audio webcast, you'll need -
                       -  A Pentium PC P133 or faster
                       -  Sound card with speakers or headphones
                       -  28.8 Kbps modem or higher
                       -  RealPlayer G2 required, available at www.real.com

    Replay:            One hour after the conference, you can listen to the
                       replay at -
                       -  North America: 1-800-558-5253 Passcode:
                          14093765 No. sign
                       -  International: 1-416-626-4100 Passcode:
                          13920376 No. sign

                       This replay is available until 5:00 pm EST,
                       February 8, 2000.

                       Audio webcast replay, available until February 25,
                       2000 - http://www.nortelnetworks.com/q499earnings



-30-


For further information: Investor Relations: Angela McMonagle, Nortel 
Networks, (905) 863-6044, mcmona@nortelnetworks.com; Media Relations:
Jeff Ferry, Nortel Networks, (703) 712-8339, 
jferry@nortelnetworks.com.
Archived images on this organization are available through CNW E-Pix at 
www.newswire.ca. Images are free to members of The Canadian Press.

SOURCE Bell Glomedia

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