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<P align="center"><FONT size="2"><B>SECURITIES AND EXCHANGE COMMISSION</B>
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<P align="center"><FONT size="2"><B>Washington, D.C. 20549</B>
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<P align="center"><FONT size="2"><B>FORM 8-K</B>
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<P align="center"><FONT size="2"><B>CURRENT REPORT</B>
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<P align="center"><FONT size="2"><B>Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
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<P align="center"><FONT size="2">Date of Report<BR>
(date of earliest event reported)<BR>
May&nbsp;28, 2002
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<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
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        <TD width="100%">&nbsp;</TD>
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<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2">NORTEL NETWORKS CORPORATION</FONT></TD>
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<TR valign="bottom">
        <TD nowrap align="center"><HR width="60%" size="1" noshade></TD>
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        <TD align="center" valign="top"><FONT size="2">(Exact name of registrant as specified in its charter)</FONT></TD>
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<TABLE cellspacing="0" border="0" cellpadding="0" width="95%">
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        <TD width="34%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
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        <TD nowrap align="center"><FONT size="2">CANADA</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="2">001-07260</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="2">not applicable</FONT></TD>
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        <TD><FONT size="1">&nbsp;</FONT></TD>
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        <TD><FONT size="1">&nbsp;</FONT></TD>
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        <TD align="center" valign="top"><FONT size="2">(State or other jurisdiction<BR>
of incorporation)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
(Commission<BR>
File Number)
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(IRS Employer<BR>
Identification No.)</FONT></TD>
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        <TD width="51%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="44%">&nbsp;</TD>
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        <TD nowrap align="center"><FONT size="2">8200 Dixie Road, Suite 100, Brampton, Ontario, Canada</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="2">L6T 5P6</FONT></TD>
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        <TD nowrap align="center"><HR width="70%" size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR width="70%" size="1" noshade></TD>
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        <TD align="center" valign="top"><FONT size="2">(address of principal executive offices)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
(Zip code)</FONT></TD>
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<P>&nbsp;
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant&#146;s telephone number, including area code (905)&nbsp;863-0000.
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
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        <TD width="1%" align="left" nowrap><FONT size="2"><B>Item&nbsp;5.</B></FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2"><B>Other Events</B></FONT></TD>
</TR>
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<P><FONT size="2">Attached hereto as Exhibit&nbsp;99.1, for purposes of incorporation by reference
herein and into the shelf Registration Statement on Form&nbsp;S-3 (File No.
333-88164) filed by the Registrant and Nortel Networks Limited, the
Registrant&#146;s principal direct operating subsidiary, with the United States
Securities and Exchange Commission on May&nbsp;13, 2002, are unaudited interim
Consolidated Financial Statements of the Registrant, prepared in accordance
with Canadian generally accepted accounting principles, for the three month
period ended March&nbsp;31, 2002.
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<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2"><B>Item&nbsp;7.</B></FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2"><B>Financial Statements, </B><B><I>Pro Forma </I></B><B>Financial Information and Exhibits</B></FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Exhibits.</FONT></TD>
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        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="5%" align="right" nowrap><FONT size="2">99.1</FONT></TD>
        <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="88%"><FONT size="2">Unaudited interim Consolidated Financial Statements of the
Registrant, prepared in accordance with Canadian generally accepted
accounting principles, for the three month period ended March&nbsp;31, 2002.</FONT></TD>
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<P align="center"><FONT size="2">2</FONT>
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<P align="center"><FONT size="2"><B>SIGNATURES</B>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="96%">&nbsp;</TD>
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        <TD colspan="3" align="left" valign="top"><FONT size="2">
NORTEL NETWORKS CORPORATION</FONT></TD>
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<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
/s/ DOUGLAS C. BEATTY<BR>
</FONT><HR size="1" noshade><FONT size="2">
Douglas C. Beatty<BR>
Controller</FONT></TD>
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<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
/s/ BLAIR F. MORRISON<BR>
</FONT><HR size="1" noshade><FONT size="2">
Blair F. Morrison<BR>
Assistant Secretary</FONT></TD>
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<P><FONT size="2">Dated: May&nbsp;28, 2002
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<P align="center"><FONT size="2">3</FONT>




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{"company-data": {"conformed-name": "NORTEL NETWORKS CORP", "cik": "0000072911", "assigned-sic": "3661", "irs-number": "621262580", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07260", "film-number": "02663269"}, "business-address": {"street1": "8200 DIXIE ROAD SUITE 100", "street2": "BRAMPTON", "city": "ONTARIO CANADA", "state": "A6", "zip": "L6T 5P6", "phone": "9058631103"}, "mail-address": {"street1": "8200 DIXIE ROAD", "street2": "SUITE 100 BRAMPTON", "city": "ONTARIO CANADA", "state": "A6", "zip": "L6T 5P6"}, "former-company": [{"former-conformed-name": "NORTHERN TELECOM LTD", "date-changed": "19940831"}, {"former-conformed-name": "NORTHERN ELECTRIC CO LTD", "date-changed": "19760324"}]}
e8vk
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
(date of earliest event reported)
May 28, 2002
NORTEL NETWORKS CORPORATION
(Exact name of registrant as specified in its charter)
CANADA
001-07260
not applicable
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
8200 Dixie Road, Suite 100, Brampton, Ontario, Canada
L6T 5P6
(address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code (905) 863-0000.
Item 5.
Other Events
Attached hereto as Exhibit 99.1, for purposes of incorporation by reference
herein and into the shelf Registration Statement on Form S-3 (File No.
333-88164) filed by the Registrant and Nortel Networks Limited, the
Registrant's principal direct operating subsidiary, with the United States
Securities and Exchange Commission on May 13, 2002, are unaudited interim
Consolidated Financial Statements of the Registrant, prepared in accordance
with Canadian generally accepted accounting principles, for the three month
period ended March 31, 2002.
Item 7.
Financial Statements,
Pro Forma
Financial Information and Exhibits
(c)
Exhibits.
99.1
Unaudited interim Consolidated Financial Statements of the
Registrant, prepared in accordance with Canadian generally accepted
accounting principles, for the three month period ended March 31, 2002.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTEL NETWORKS CORPORATION
By:
/s/ DOUGLAS C. BEATTY
Douglas C. Beatty
Controller
By:
/s/ BLAIR F. MORRISON
Blair F. Morrison
Assistant Secretary
Dated: May 28, 2002
3