Symbol			NRTL

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Nortel Enters into Agreement for Sale of Certain Next Generation Packet Core Network Components

2009-10-26 11:03 ET - News Release

TORONTO, ONTARIO -- (MARKET WIRE) -- 10/26/09

Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced that its principal operating subsidiary, Nortel Networks Limited, and one of its other subsidiaries, Nortel Networks Inc., have entered into an agreement with Hitachi, Ltd. for the sale of certain assets associated with the development of next generation packet core network components (excluding legacy packet core components for Nortel's GSM and UMTS businesses) for a purchase price of US$10 million. Under the agreement, the assets include software to support the transfer of data over existing wireless networks and the next generation of wireless communications technology, including relevant non-patent intellectual property, equipment and other related tangible assets, as well as a non-exclusive license of certain relevant patents and other intellectual property.

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