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<TITLE>Form 8-K</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<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>
July&nbsp;10, 2002
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<P>&nbsp;


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        <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="2">NORTEL NETWORKS CORPORATION</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR width="60%" size="1" noshade></TD>
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<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">(Exact name of registrant as specified in its charter)</FONT></TD>
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<P>&nbsp;

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        <TD width="30%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="30%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="30%">&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 nowrap align="center"><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>
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<P>&nbsp;

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        <TD width="75%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <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>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR width="70%" size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><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>
</TR>
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<P>&nbsp;

<P><FONT size="2">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">
<TR valign="top">
        <TD width="5%" align="left" nowrap><FONT size="2"><B>Item&nbsp;5.</B></FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="94%"><FONT size="2"><B>Other Events</B></FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">On July&nbsp;10, 2002, the Registrant issued a press release in response to an
announcement that Standard &#038; Poor&#146;s will be replacing the seven non-U.S.
companies, including the Registrant, currently in the S&#038;P 500 index with seven
U.S. corporations. The Registrant will also be replaced in the S&#038;P 100 index.
These changes are expected to be effective as of the close of trading on July
19, 2002.
</FONT>
<P><FONT size="2">A copy of the press release is attached hereto as Exhibit&nbsp;99.1 and is hereby
incorporated in its entirety by reference.
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="5%" align="left" nowrap><FONT size="2"><B>Item&nbsp;7.</B></FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="94%"><FONT size="2"><B>Financial Statements,</B> <B><I>Pro Forma</I></B> <B>Financial Information and Exhibits</B></FONT></TD>
</TR>
</TABLE>

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<TR valign="top">
        <TD width="5%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="94%"><FONT size="2">Exhibits.</FONT></TD>
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        <TD width="5%" align="left" nowrap><FONT size="2"><B>&nbsp;</B></FONT></TD>
        <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="94%"><FONT size="2">99.1&nbsp;&nbsp;&nbsp;Press Release dated July&nbsp;10, 2002.</FONT></TD>
</TR>
</TABLE>

<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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<TABLE cellspacing="0" border="0" cellpadding="0" width="45%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="94%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD colspan="3" align="left" valign="top"><FONT size="2">NORTEL NETWORKS CORPORATION</FONT></TD>
</TR>
<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/ Deborah J. Noble<BR>
</FONT><HR width="70%" size="1" noshade><FONT size="2">
Deborah J. Noble<BR>
Corporate Secretary</FONT></TD>
</TR>
<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 width="70%" size="1" noshade><FONT size="2">
Blair F. Morrison<BR>
Assistant Secretary</FONT></TD>
</TR>
</TABLE>
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<P align="left"><FONT size="2">Dated: July&nbsp;11, 2002
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<P align="center"><FONT size="2"><B>EXHIBIT INDEX</B>
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<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="93%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">99.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Press Release dated July&nbsp;10, 2002</FONT></TD>
</TR>
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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": "02701114"}, "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 ELECTRIC CO LTD", "date-changed": "19760324"}, {"former-conformed-name": "NORTHERN TELECOM LTD", "date-changed": "19940831"}]}
Form 8-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)
July 10, 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
On July 10, 2002, the Registrant issued a press release in response to an
announcement that Standard & Poor's will be replacing the seven non-U.S.
companies, including the Registrant, currently in the S&P 500 index with seven
U.S. corporations. The Registrant will also be replaced in the S&P 100 index.
These changes are expected to be effective as of the close of trading on July
19, 2002.
A copy of the press release is attached hereto as Exhibit 99.1 and is hereby
incorporated in its entirety by reference.
Item 7.
Financial Statements,
Pro Forma
Financial Information and Exhibits
(c)
Exhibits.
99.1   Press Release dated July 10, 2002.
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: July 11, 2002
EXHIBIT INDEX
99.1
Press Release dated July 10, 2002