Nortel Networks is a Global Leader in data, telephony, wireless and wireline solutions for the Internet, with customers which include public and private enterprises and institutions, Internet service providers; local and long-distance, cellular and PCS communication companies; cable television carriers; and public utilities.

To facilitate the application of products on a global basis Nortel Networks supports the ongoing role of the ITU-T as a leading standards body for the development and harmonization of global telecommunication standards. In this respect Nortel Networks is a major participant in the ITU-T and holds a number of ITU-T Study Group chair and vice-chair positions. Nortel Networks is also a Sector Member of the ITU-D and the ITU-R.

Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet through Unified Networks that promise a new era of collaboration, communications and commerce. Unified Networks blend Internet protocol technologies, routing, optical, wireline, wireless and switching in a seamless manner to deliver service predictability and security.

Nortel Networks has two major lines of business that facilitates communication networking of all types and sizes:

Service Provider and Carrier Group provides the scale and leverage customers need to create their new, high-performance Internet. Nortel Networks has a unique advantage in being able to do that through leadership in building networks of any type and around the world.

Enterprise Solutions provides world-class IP-based data communications solutions and industry-leading solutions that enable interpersonal electronic communications for businesses of all types and sizes.

To support the major lines of business Nortel Networks has research capabilities around the world that include a network of research and development facilities, affiliated joint ventures, and other collaborations fostering innovative product development and advanced research in 17 countries.

Nortel Networks operates world-class manufacturing plants in the United States, the United Kingdom, Canada, France, Mexico, Brazil, Turkey, and the Republic of Ireland. Engineering and other product development is conducted by the corporation at many of these facilities worldwide.

Nortel Networks has over 70.000 employees worldwide in over 150 countries and territories including the Caribbean and Latin America, the Middle East, Africa, and the United States. The common shares are listed on the New York, Toronto, Montreal, Vancouver and London stock exchanges. Revenue in 1999 was in excess of US $20 billion.

Further information on Nortel Networks is available at www.nortelnetworks.com