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Todays News:

Verizon Business Adds Nortel Services for New Managed TelepresenceOffering
12:20 13.11.08

Nortel MNOCs, Concierge Services Simplify Enterprise Video Meetings

TORONTO, ONTARIO--(Marketwire - November 13, 2008) - Verizon
Business(2) has selected Nortel(1) (TSX: NT)(NYSE: NT) to help
deliver a new managed telepresence offering that allows organizations
to collaborate over IP networks.

Telepresence makes real-time, life-size visual communications and
collaboration as effective as 'being there,' helping companies
increase staff productivity while lowering operating costs and
reducing environmental impact.

Companies can maximize these benefits by leveraging Verizon Business'
expansive global private IP network with Nortel managed telepresence
services provided from Nortel Multimedia Network Operations Centers
(MNOCs) around the world.

By Nortel's calculations, a company spending as much as US$23 million
annually on travel can use telepresence to recover as many as 385,000
hours of lost productivity, reduce its carbon footprint by up to
4,200 tons and save up to US$7 million.

"The power of our joint telepresence solution with Verizon Business
is of major value to customers," said Joel Hackney, president,
Enterprise Solutions, Nortel. "We're delivering the best possible
user experience with an industry-unique model that supports
standards-based telepresence, high definition, standard definition
and desktop video conferencing platforms."

"Yet we're able to provide this in a highly integrated fashion that
is extremely easy to use for both internal and business-to-business
conferencing," Hackney said. "Working with Verizon in this manner
supports Nortel's goal to become the preferred partner in unifying
all communications through leading products, software and services."

"This new Nortel-based managed service addresses the growing demand
for advanced video collaboration services among our multinational
customers," said Nancy Gofus, senior vice president of global
business products for Verizon. "Combining Nortel's capabilities with
the power of Verizon Private IP(2) and leading video platforms
enables us to deliver a high definition and high-performance meeting
experience for our customers."

Nortel managed telepresence services include complete set-up and
management of high-definition (HD) video conferencing and
collaboration, including such concierge-like amenities as web-based
reservations and pre-configured, pre-connected conferences.

This makes set-up and operation of video meetings as easy as walking
into a conference room, allowing participants to focus on the meeting
rather than the mechanics. It also improves efficiency and speeds
decision making and problem solving.

In addition, Nortel offers video bridging and gateway services,
allowing enterprises to take full advantage of video systems from
multiple equipment providers by enabling them to interoperate. This
is especially important for business-to-business conferencing between
companies using video gear from different suppliers. Nortel's global
MNOC infrastructure supports these seamless connections with
employees, customers, suppliers and others.

Proactive testing, 24/7 network performance monitoring, recording,
on-demand playback and metrics reporting are also part of Nortel's
managed telepresence services portfolio.

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", "anticipates", "believes", "intends",
"estimates", "targets", "envisions", "seeks" and other similar
language and are considered forward-looking statements or information
under applicable securities legislation. 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, which are difficult to predict
and the actual outcome may be materially different from those
contemplated in forward-looking statements. For additional
information with respect to certain of these and other factors, see
Nortel's Annual Report on Form10-K, Quarterly Reports on Form 10-Q
and other securities filings with the SEC. 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. Verizon and Verizon Private IP are trademarks of Verizon.

(2)This is a 3rd party link as described in our Web linking
practices.

Contacts:
Nortel
Mark Buford
[phone]
Email: [e-mail]

Nortel
Greta Brown
[phone]
Email: [e-mail]
Website: www.nortel.com

This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.