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<TITLE>e8-k</TITLE>
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<P align="center"><FONT size="2"><B>SECURITIES AND EXCHANGE COMMISSION</B>
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<P align="center"><HR size="1" noshade width="50%">
<P align="center"><FONT size="2"><B>Washington, D.C. 20549</B>
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<P>&nbsp;

<P align="center"><FONT size="4"><B><U>FORM 8-K</U></B>
</FONT>
<P>&nbsp;

<P align="center"><FONT size="2"><B><U>CURRENT REPORT</U></B>
</FONT>

<P align="center"><FONT size="2"><B>Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</FONT>

<P align="center"><FONT size="2">Date of Report<BR>
(date of earliest event reported)<BR>
February&nbsp;12, 2002
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<P>&nbsp;

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        <TD width="27%">&nbsp;</TD>
        <TD width="44%">&nbsp;</TD>
        <TD width="27%">&nbsp;</TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="4"><B>NORTEL
NETWORKS CORPORATION</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2"><HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(Exact name of registrant as specified in its charter)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD width="20%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
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        <TD align="center" valign="top"><FONT size="2">CANADA</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">001-07260</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">not applicable</FONT></TD>
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        <TD><FONT size="2">&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)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(IRS Employer<BR>
Identification No.)</FONT></TD>
</TR>
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        <TD width="45%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="25%">&nbsp;</TD>
        <TD width="19%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
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<TR valign="bottom">
        <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">8200 Dixie Road, Suite&nbsp;100, Brampton, Ontario, Canada</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center"><FONT size="2">L6T 5P6</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR>
        <TD><DIV style="margin-left:10px; text-indent:-10px"><HR size="1" noshade></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
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<TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">(address of principal executive offices)</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="1" align="center"><FONT size="2">(Zip code)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
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<P>&nbsp;
<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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<P align="center"><FONT size="2"></FONT>

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<P align="left"><FONT size="2"><B>Item&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Events</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit&nbsp;99.1
attached to this Form&nbsp;8-K relates to &#147;Part I &#151; Item&nbsp;1 &#151; Business&#148; of the Registrant&#146;s Annual Report on Form&nbsp;10-K for the fiscal year
ended December&nbsp;31, 2000 filed with the Securities and Exchange Commission on
March&nbsp;13, 2001 (&#147;2000 Form&nbsp;10-K&#148;) and such Exhibit is incorporated by reference
herein and in the Registration Statement on Form&nbsp;S-3 (File No.&nbsp;333-79428)
relating to the 4.25% Convertible Senior Notes due 2008 of the Registrant fully
and unconditionally guaranteed by Nortel Networks Limited which has yet to be
declared effective.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statements,</B> <I><B>Pro Forma</B></I> <B>Financial Information and Exhibits</B>
</FONT>

<P><FONT size="2">(c)&nbsp; Exhibits.
</FONT>
<P>
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        <TD width="3%"></TD>
        <TD width="97%"></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revised &#147;Part I &#151; Item&nbsp;I &#151; Business&#148; of the Registrant&#146;s 2000 Annual Report
on Form&nbsp;10-K</FONT></TD>
</TR>
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</TABLE>
<P align="center"><FONT size="2">2</FONT>
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<P align="center"><FONT size="2"><B><U>SIGNATURES</U></B>
</FONT>

<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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<P>&nbsp;
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<TR valign="bottom">
        <TD width="48%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="30%">&nbsp;</TD>
        <TD width="17%">&nbsp;</TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2"></FONT></TD>
        <TD colspan="2" align="left" valign="top"><FONT size="2">NORTEL NETWORKS CORPORATION</FONT></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
<TR valign="bottom">
      <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
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      <TD><FONT size="2">&nbsp;</FONT></TD>
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      <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="bottom"><FONT size="2">By:</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">/s/  Deborah J. Noble</FONT></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><HR size="1" noshade></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Deborah J. Noble<BR>
Corporate Secretary</FONT></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
<TR valign="bottom">
      <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
      <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
      <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="bottom"><FONT size="2">By:</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">/s/  Blair F. Morrison</FONT></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><HR size="1" noshade></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Blair F. Morrison<BR>
Assistant Secretary</FONT></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Dated: February 12, 2002</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2"></FONT></TD>
</TR>
</TABLE>
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<P align="center"><FONT size="2">3</FONT>
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<P align="center"><FONT size="2"><B><U>EXHIBIT INDEX</U></B>
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revised &#147;Part I &#151; Item&nbsp;I &#151; Business&#148; of the Registrant&#146;s 2000 Annual Report
on Form&nbsp;10-K</FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">4</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": "02535879"}, "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"}]}
e8-k
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)
February 12, 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
Exhibit 99.1
attached to this Form 8-K relates to "Part I — Item 1 — Business" of the Registrant's Annual Report on Form 10-K for the fiscal year
ended December 31, 2000 filed with the Securities and Exchange Commission on
March 13, 2001 ("2000 Form 10-K") and such Exhibit is incorporated by reference
herein and in the Registration Statement on Form S-3 (File No. 333-79428)
relating to the 4.25% Convertible Senior Notes due 2008 of the Registrant fully
and unconditionally guaranteed by Nortel Networks Limited which has yet to be
declared effective.
Item 7.     Financial
Statements,
Pro Forma
Financial Information and Exhibits
(c)  Exhibits.
99.1     Revised "Part I — Item I — Business" of the Registrant's 2000 Annual Report
on Form 10-K
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/  Deborah J. Noble
Deborah J. Noble
Corporate Secretary
By:
/s/  Blair F. Morrison
Blair F. Morrison
Assistant Secretary
Dated: February 12, 2002
3
EXHIBIT INDEX
99.1     Revised "Part I — Item I — Business" of the Registrant's 2000 Annual Report
on Form 10-K
4