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Nortel Networks Q4 / Year-End 1999 Earnings Announcement Conference Call with Financial Analysts


            Media are invited to join this financial analyst
                  conference call in listen-only mode. 
    
                      TELECONFERENCE/WEBCAST 
                       FOR 5:00 PM EASTERN 
                     TUESDAY, JANUARY 25, 2000

    TORONTO, Jan. 24 /CNW/ -

    What:    Nortel Networks will host a teleconference/audio for financial
             analysts to discuss Q4 and Year-End 1999 Earnings. The media is
             invited to attend in listen-only mode.

    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 join the teleconference in listen-only mode, please call
             the following numbers at least 15 minutes prior to the event.

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

             To join 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.
             -- International:    1-416-626-4100    Passcode:   13920376 No.
             This replay is available until 5:00 pm EST, February 1, 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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