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Nortel Appoints KPMG LLP As Its Independent Public Accountants At Annual And Special Meeting Of Shareholders


TORONTO – Nortel* [NYSE/TSX: NT] announced today that the appointment of KPMG LLP (KPMG) as its principal independent public accountants beginning with fiscal 2007 was approved by Nortel shareholders at its Annual and Special Meeting of Shareholders. As previously announced, as part of its corporate renewal process, the board of directors of Nortel proposed on December 1, 2006 that KPMG serve as its principal independent public accountants, subject to the shareholder approval received today. KPMG was also appointed as Nortel Networks Limited’s principal independent public accountants. Nortel Networks Limited is Nortel’s principal operating subsidiary.


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