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Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Nortel Networks Completes $675 Million Private Placement

Date: 05/28/08

Cahill represented J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities LLC, RBC Capital Markets Corporation, Lehman Brothers Inc., Morgan Stanley & Co. Incorporated, and UBS Securities LLC  as initial purchasers in Nortel Networks Ltd.'s Rule 144A Offering of $675,000,000 of its 10.75% Senior Notes due 2016.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com