New Headquarters for The New York Times Company to Stay Connected With Nortel

New York (ots/PRNewswire) -

- Communications to Help Reflect Quality of Foremost American
Daily Newspaper

When The New York Times Company opens its new headquarters in the
spring of 2007, state-of-the-art technology from Nortel(x) (NYSE: NT
, TSX: NT) will give its employees a range of options for staying
connected to breaking news stories, readers, advertisers and
business affiliates.

The Times Company has selected Nortel's integrated communications
solution for its new headquarters now under construction in Times
Square. This will include Nortel IP phones, VoIP, unified messaging,
contact center , data and security solutions to be provided through a
Nortel channel partner.

The Times Company has also signed a professional services
agreement with Nortel under which it is expected to purchase
installation and maintenance services from the Nortel Global
Services portfolio.

"Our new headquarters will reflect a corporate vision of openness
to our readers and our community, as well as our commitment to
quality and integrity," said David Thurm, vice president and chief
information officer, The New York Times Company. "Because we expect
real business benefits from this new building, we've taken an
aggressive role in every step of its design and construction,
including selection of the technology that will help keep us open
and connected to the global community we serve."

"We chose Nortel's solution after a rigorous selection process
that included extensive 'proof of concept' testing of the industry's
top IP vendor offerings," Thurm said. "The strong working
relationship we have forged with Nortel will be integral to our
efforts to enhance society by creating, collecting and distributing
high-quality news, information and entertainment."

Times reporters and editors will be able to collaborate on stories
in real-time with colleagues and editors via their PCs or through
instant 'meet me' audio conferencing. They will be free to work from
anywhere with the ability to make any phone and desk their own
'virtual office' and secure remote access for filing stories 'on the
go'.

Nortel's Contact Center solution will give Times customer care
agents the flexibility and agility to handle requests from the main
contact center , from a branch office, or from home. Customer
requests will be expedited seamlessly across telephone, e-mail and
Web applications.

"The New York Times Company is a leading global content provider
with high purpose and high goals," said Mike Zafirovski, president
and chief executive officer, Nortel. "To help serve that purpose,
The Times Company requires a communications solution up to the task
of seamlessly and transparently connecting what will be one of the
most advanced corporate headquarters in the world to its two
greatest assets - its readers and its employees."

"More than that, The Times Company wants this solution to be
efficient , effective, and a catalyst for new opportunities to serve
its readers and society," Zafirovski said. "Nortel offers that
solution. And not just the equipment, but also the applications, the
services, and the relationship best suited to helping achieve The
Times Company's business objectives."

The Nortel solution for The Times Company will include Nortel
CallPilot(x) Unified Messaging, Nortel Contact Center, Nortel
Communication Server 1000, Nortel IP phones, Nortel Ethernet Routing
Switch 8600, and Nortel Power over Ethernet Switch 5520.

Nortel's Global Services include a full range of integrated
services for design, deployment, management and maintenance of
end-to-end multi- vendor network solutions, including seamless
migration to next generation technologies.

About The New York Times Company

The New York Times Company (NYSE: NYT), a leading media company
with 2005 revenues of US$3.4 billion, includes The New York Times,
the International Herald Tribune, The Boston Globe, 15 other daily
newspapers, nine network-affiliated television stations, two New
York City radio stations and 35 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.

About Nortel

Nortel is a recognized leader in delivering communications
capabilities that enhance the human experience, ignite and power
global commerce, and secure and protect the world's most critical
information. Our next-generation technologies, for both service
providers and enterprises, span access and core networks, support
multimedia and business-critical applications, and help eliminate
today's barriers to efficiency, speed and performance by simplifying
networks and connecting people with information. Nortel does
business in more than 150 countries. 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. Further, actual results or events could differ materially
from those contemplated in forward-looking statements as a result of
the following (i) risks and uncertainties relating to Nortel's
restatements and related matters including: Nortel's most recent
restatement and two previous restatements of its financial
statements and related events; the negative impact on Nortel and NNL
of their most recent restatement and delay in filing their financial
statements and related periodic reports; legal judgments, fines,
penalties or settlements, or any substantial regulatory fines or
other penalties or sanctions, related to the ongoing regulatory and
criminal investigations of Nortel in the U.S. and Canada; any
significant pending civil litigation actions not encompassed by
Nortel's proposed class action settlement; any substantial cash
payment and /or significant dilution of Nortel's existing equity
positions resulting from the finalization and approval of its
proposed class action settlement, or if such class action settlement
is not finalized, any larger settlements or awards of damages in
respect of such class actions; any unsuccessful remediation of
Nortel's material weaknesses in internal control over financial
reporting resulting in an inability to report Nortel's results of
operations and financial condition accurately and in a timely manner;
the time required to implement Nortel's remedial measures; Nortel's
inability to access, in its current form, its shelf registration
filed with the United States Securities and Exchange Commission
(SEC), and Nortel's below investment grade credit rating and any
further adverse effect on its credit rating due to Nortel's
restatements of its financial statements; any adverse affect on
Nortel's business and market price of its publicly traded securities
arising from continuing negative publicity related to Nortel's
restatements; Nortel's potential inability to attract or retain the
personnel necessary to achieve its business objectives; any breach by
Nortel of the continued listing requirements of the NYSE or TSX
causing the NYSE and/or the TSX to commence suspension or delisting
procedures; (ii) risks and uncertainties relating to Nortel's
business including: yearly and quarterly fluctuations of Nortel's
operating results; reduced demand and pricing pressures for its
products due to global economic conditions, significant competition,
competitive pricing practice, cautious capital spending by
customers, increased industry consolidation, rapidly changing
technologies, evolving industry standards, frequent new product
introductions and short product life cycles, and other trends and
industry characteristics affecting the telecommunications industry;
the sufficiency of recently announced restructuring actions,
including the potential for higher actual costs to be incurred in
connection with these restructuring actions compared to the
estimated costs of such actions and the ability to achieve the
targeted cost savings and reductions of Nortel's unfunded pension
liability deficit; any material and adverse affects on Nortel's
performance if its expectations regarding market demand for
particular products prove to be wrong or because of certain barriers
in its efforts to expand internationally; any reduction in Nortel's
operating results and any related volatility in the market price of
its publicly traded securities arising from any decline in its gross
margin, or fluctuations in foreign currency exchange rates; any
negative developments associated with Nortel's supply contract and
contract manufacturing agreements including as a result of using a
sole supplier for key optical networking solutions components, and
any defects or errors in Nortel's current or planned products; any
negative impact to Nortel of its failure to achieve its business
transformation objectives, including completion of the sale of its
UMTS access business to Alcatel; additional valuation allowances for
all or a portion of its deferred tax assets; Nortel's failure to
protect its intellectual property rights, or any adverse judgments
or settlements arising out of disputes regarding intellectual
property; changes in regulation of the Internet and/or other aspects
of the industry; Nortel's failure to successfully operate or
integrate its strategic acquisitions, or failure to consummate or
succeed with its strategic alliances; any negative effect of
Nortel's failure to evolve adequately its financial and managerial
control and reporting systems and processes, manage and grow its
business, or create an effective risk management strategy; and (iii)
risks and uncertainties relating to Nortel's liquidity, financing
arrangements and capital including: the impact of Nortel's most
recent restatement and two previous restatements of its financial
statements; any inability of Nortel to manage cash flow fluctuations
to fund working capital requirements or achieve its business
objectives in a timely manner or obtain additional sources of
funding; high levels of debt, limitations on Nortel capitalizing on
business opportunities because of credit facility covenants, or on
obtaining additional secured debt pursuant to the provisions of
indentures governing certain of Nortel's public debt issues and the
provisions of its credit facilities; any increase of restricted cash
requirements for Nortel if it is unable to secure alternative support
for obligations arising from certain normal course business
activities, or any inability of Nortel's subsidiaries to provide it
with sufficient funding; any negative effect to Nortel of the need
to make larger defined benefit plans contributions in the future or
exposure to customer credit risks or inability of customers to
fulfill payment obligations under customer financing arrangements;
any negative impact on Nortel's ability to make future acquisitions,
raise capital, issue debt and retain employees arising from stock
price volatility and further declines in the market price of
Nortel's publicly traded securities, or any future share
consolidation resulting in a lower total market capitalization or
adverse effect on the liquidity of Nortel's common shares. For
additional information with respect to certain of these and other
factors, see Nortel's Annual Report on Form 10-K/A, Quarterly Report
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.

(x) Nortel, the Nortel logo, the Globemark and CallPilot are
trademarks of Nortel Networks.

ots Originaltext: Nortel Networks
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Mark Buford, Nortel, (972)-362-1512,
mark.buford@nortel.com; Abbe Serphos, The New York Times Company,
+1-(212)-556-4425, serphos@nytimes.com


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