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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Nortel Networks Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact Name of Registrant as Specified in Its Charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="31%">&nbsp;</TD>
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    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
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<TR valign="top">
    <TD align="center" valign="top"><B>CANADA</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>3661</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>98-0535482</B></TD>
</TR>
<TR style="font-size:3pt"><TD align="center">&nbsp;</TD></TR>
<TR valign="top">
    <TD align="center" valign="top"><B><I>(State or Other Jurisdiction of</I></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(Primary Standard Industrial</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(I.R.S. Employer Identification Number)</I></TD>
</TR>
<TR valign="top">
    <TD align="center" valign="top"><B><I>Incorporation or Organization)</I></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>Classification Code Number)</I></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>195 The West Mall<BR>
Toronto, Ontario, Canada M9C 5K1<BR>
(905)&nbsp;863-7000</B><BR>
<I>(Address of Principal Executive Offices)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Nortel 2005 Stock Incentive Plan, As Amended and Restated<BR>
Nortel U.S. Stock Purchase Plan, As Amended and Restated<BR>
Nortel Global Stock Purchase Plan, As Amended and Restated<BR>
Nortel Stock Purchase Plan for Members of the Savings and Retirement Program,<BR>
As Amended</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><I>(Full Title of the Plans)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CT Corporation<BR>
111 8</B><SUP style="font-size: 85%; vertical-align: text-top"><B>th</B></SUP> <B>Avenue<BR>
New York, NY 10011<BR>
(212)&nbsp;894-8940</B><BR>
<I>(Name, Address, and Telephone Number, Including Area Code, of Agent for Service)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">The Commission is requested to send copies of all communications to:</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="top">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="top">
    <TD align="center" valign="top"><B>Mary E. Alcock</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Gordon A. Davies</B></TD>
</TR>
<TR valign="top">
    <TD align="center" valign="top"><B>Cleary Gottlieb Steen &#038; Hamilton LLP</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Deputy General Counsel and Corporate Secretary</B></TD>
</TR>
<TR valign="top">
    <TD align="center" valign="top">One Liberty Plaza
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Nortel Networks Corporation</B></TD>
</TR>
<TR valign="top">
    <TD align="center" valign="top">New York, New York 10006
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">195 The West Mall</TD>
</TR>
<TR valign="top">
    <TD align="center" valign="top">(212) 225-2998
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Toronto, Ontario, Canada M9C 5K1</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one):
</DIV>



<DIV align="center">
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    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
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<TR valign="top">
    <TD align="center" valign="top" nowrap>Large accelerated filer <FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>Accelerated filer <FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>Non-accelerated filer <FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>Smaller reporting company <FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="top">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="top">
    <TD width="1%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="top">
    <TD nowrap align="left" colspan="18" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="top">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="top">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title of Securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price Per</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Aggregate Offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="top">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center" style="border-bottom: 1px solid #ffffff"><B>Name of Plan</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #ffffff"><B>to be Registered (2)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered (1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Share (3)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Fee (3)</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="top">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                      <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Nortel 2005 Stock
Incentive Plan, As
Amended and
Restated
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">Nortel Networks<BR>
Corporation Common<BR>
Shares
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">14,000,000<br>
Shares
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$9.58
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$134,120,000
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$5,270.91</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Nortel U.S. Stock
Purchase Plan, As
Amended and
Restated; Nortel
Global Stock
Purchase Plan, As
Amended and
Restated; and
Nortel Stock
Purchase Plan for
Members of the
Savings and
Retirement Program,
As Amended
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">Nortel Networks<BR>
Corporation Common<BR>
Shares
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">5,500,000<br>
Shares (4)
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$9.58
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$52,690,000
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$2,070.72</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL</B>
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">19,500,000<br>
Shares
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$9.58
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$186,810,000
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$7,341.63</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="top">
    <TD nowrap align="left" colspan="18" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 2pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Consists of common shares (the &#147;Shares&#148;) of Nortel Networks Corporation (the &#147;Registrant&#148;) to
be made available pursuant to the Nortel 2005 Stock Incentive Plan, As Amended and Restated,
the Nortel U.S. Stock Purchase Plan, As Amended and Restated, the Nortel Global Stock Purchase
Plan, As Amended and Restated, and the Nortel Stock Purchase Plan for Members of the Savings
and Retirement Program, As Amended (collectively, the &#147;Plans&#148;), as applicable. In addition,
pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;),
this Registration Statement also covers an indeterminable amount of additional shares as may
be offered as a result of the operation of the Plans&#146; provisions as may be required in the
event of a stock split, stock dividend, recapitalization or other similar adjustments in the
outstanding Shares of the Registrant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes the rights (the &#147;Rights&#148;) attached to each Share pursuant to the Amended and
Restated Shareholder Rights Plan Agreement dated as of February&nbsp;28, 2006. Until the
occurrence of certain prescribed events, the Rights are not exercisable, are evidenced by the
certificates representing the Shares and may be transferred only together with the Shares.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the amount of the registration fee in
accordance with Rule 457(h) under the Securities Act and based upon the average of the
high and low prices per Share of the Registrant as reported on the New York Stock Exchange
on June&nbsp;19, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Any Shares purchased under any one of the Nortel U.S. Stock Purchase Plan, As Amended and
Restated, the Nortel Global Stock Purchase Plan, As Amended and Restated, or the Nortel Stock
Purchase Plan for Members of the Savings and Retirement Program, As Amended, reduces on a
share-for-share basis the number of Shares available for subsequent purchase under the other
two foregoing Plans.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<!--TOC-->
</DIV>
<DIV align="left">
<!--A name="tocpage"--><!--/A-->
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><!--A href="#101"-->PART I INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#102"-->Item&nbsp;1. Plan Information.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#103"-->Item&nbsp;2. Registrant Information and Employee Plan Annual Information.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><!--A href="#104"-->PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#105"-->Item&nbsp;3. Incorporation of Documents by Reference.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#106"-->Item&nbsp;4. Description of Securities.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#107"-->Item&nbsp;5. Interests of Named Experts and Counsel.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#108"-->Item&nbsp;6. Indemnification of Directors and Officers.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#109"-->Item&nbsp;7. Exemption From Registration Claimed.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#110"-->Item&nbsp;8. Exhibits.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><!--A href="#111"-->Item&nbsp;9. Undertakings.<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><!--A href="#112"-->SIGNATURES<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><!--A href="#113"-->EXHIBIT INDEX<!--/A--></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Opinion of Gordon A. Davies</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consent of Deloitte &#038; Touche LLP</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consent of KPMG LLP</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consent of Gordon A. Davies</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<!--/TOC-->
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS</B>

</DIV>
<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Plan Information.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not filed as part of this Registration Statement pursuant to Note to Part&nbsp;I of Form S-8.
</DIV>
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not filed as part of this Registration Statement pursuant to Note to Part&nbsp;I of Form S-8.
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents, which previously have been filed by Nortel Networks Corporation (the
&#147;Corporation&#148; or &#147;Registrant&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;), are
incorporated herein by reference and made a part hereof:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Corporation&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2007,
filed with the Commission on February&nbsp;27, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Corporation&#146;s Quarterly Report on Form 10-Q for the fiscal quarter ended March&nbsp;31,
2008, filed with the Commission on <BR>
May&nbsp;2, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Corporation&#146;s Current Reports on Form 8-K, filed with the Commission on February&nbsp;26,
2008, February&nbsp;27, 2008, May&nbsp;2, 2008, May&nbsp;21, 2008, May&nbsp;22, 2008, May&nbsp;28, 2008 and June&nbsp;11, 2008;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The description of the Shares and the Rights attached to each Share contained in the
Corporation&#146;s registration statement on Form 8-A filed with the Commission on April&nbsp;28, 2000, as
amended by Form 8-A/A filed with the Commission on May&nbsp;1, 2000, Form 8-A/A filed with the
Commission on April&nbsp;25, 2003 and Form 8-A/A filed with the Commission on June&nbsp;29, 2006; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;), since the end of the fiscal year covered by the registration
document referred to in (a)&nbsp;above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports and other documents filed by the Corporation pursuant to Sections&nbsp;13(a), 13(c), 14
or 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the
filing of a post-effective amendment hereto, which indicates that all securities offered hereunder
have been sold or which deregisters all securities remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part hereof from the date of
filing of such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Registration Statement, any document or any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be deemed to be
modified or superseded to the extent that a subsequently filed document or a statement contained
herein or in any other subsequently filed document which also is or is deemed to be incorporated
herein by reference modifies or supersedes such document or such statement in such document. Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
</DIV>


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</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the common shares offered hereby under the Nortel 2005 Stock Incentive Plan,
As Amended and Restated, will be passed upon for us by Gordon A. Davies, Deputy General Counsel and
Corporate Secretary of the Registrant. Mr.&nbsp;Davies is a full time employee of the Registrant and is
eligible to participate in certain of the Plans and receive Shares thereunder. Mr.&nbsp;Davies currently
beneficially owns less than 1% of our outstanding Shares.
</DIV>
<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Canada Business Corporations Act (the &#147;Act&#148;) provides that a corporation may indemnify a
director or officer of the corporation, a former director or officer of the corporation or another
individual who acts or acted at the corporation&#146;s request as a director or officer, or an
individual acting in a similar capacity, of another entity, against all costs, charges and
expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred
by the individual in respect of any civil, criminal, administrative, investigative or other
proceeding in which the individual is involved because of that association with the corporation or
other entity where the individual acted honestly and in good faith with a view to the best
interests of the corporation or, as the case may be, to the best interests of the other entity for
which the individual acted as a director or officer or in a similar capacity at the corporation&#146;s
request, and, in the case of a criminal or administrative action or proceeding that is enforced by
a monetary penalty, the individual had reasonable grounds for believing that the individual&#146;s
conduct was lawful. Where such an individual was not judged by the court or other competent
authority to have committed any fault or omitted to do anything that the individual ought to have
done, and the individual fulfills the conditions above, such individual is entitled to indemnity
from the corporation in respect of all costs, charges and expenses reasonably incurred by the
individual in connection with the defence of any civil, criminal, administrative, investigative or
other proceeding to which the individual is subject because of the individual&#146;s association with
the corporation or other entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By-law No.&nbsp;1 of the Registrant, approved by the Board of Directors on February&nbsp;22, 2001 and
confirmed by the shareholders of the Registrant on April&nbsp;26, 2001 reads, in part, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&#147;SECTION 9.2 INDEMNITY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Subject to the limitations contained in the Act, the corporation shall indemnify a director
or officer, a former director or officer, or a person who acts or acted at the corporation&#146;s
request as a director or officer of a body corporate of which the corporation is or was a
shareholder or creditor, or a person who undertakes or has undertaken any liability on
behalf of the corporation or any such body corporate, and his or her heirs and legal
representatives, against all costs, charges and expenses, including an amount paid to settle
an action or satisfy a judgment, reasonably incurred by that person in respect of any
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">civil, criminal or administrative action or proceeding to which such person is made a party
by reason of being or having been a director or officer of the corporation or such body
corporate, if:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such person acted honestly and in good faith with a view to the best
interests of the corporation; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of a criminal or administrative action or proceeding that
is enforced by a monetary penalty, such person had reasonable grounds for believing
that his or her conduct was lawful.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The corporation shall indemnify any person referred to above who fulfills the conditions
contained in (a)&nbsp;and (b)&nbsp;above and who has been substantially successful on the merits in
the defense of any civil, criminal or administrative action or proceeding to which such
person is made a party by reason of his or her being or having been a director or officer of
the corporation or body corporate, against all costs, charges and expenses reasonably
incurred by such person in connection with the defense of such action or proceeding.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The corporation may also indemnify such persons in such other circumstances as the Act or
other applicable law permits or requires. Nothing in this by-law shall limit the right of
any person entitled to indemnity to claim indemnity apart from the provisions of this
by-law. The corporation is hereby authorized to execute agreements evidencing its indemnity
in favour of the foregoing persons to the full extent permitted by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>SECTION 9.3 INSURANCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">To the extent permitted by the Act and other applicable law, the corporation may purchase
and maintain insurance for the benefit of any person referred to in Section&nbsp;9.2 against such
liability as the board of directors may determine.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Act also provides specifically for the purchase and maintenance of insurance by a
corporation for the benefit of a director or officer of the corporation, a former director or
officer of the corporation or another individual who acts or acted at the corporation&#146;s request as
a director or officer, or an individual acting in a similar capacity, of another entity against
liability incurred as such. The Registrant maintains group liability insurance for the directors
and officers of the Registrant and its subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to indemnification agreements entered into between the Registrant and each
non-employee director, the Registrant has agreed to indemnify and reimburse each such director for
any injury, losses, liabilities, damages, charges, costs, expenses, fines or settlement amount
reasonably incurred by such director, including reasonable legal and other professional fees, (i)
in connection with a claim, action, suit, application, litigation, charge, complaint, prosecution,
assessment, reassessment, investigation, inquiry, hearing or other proceeding of any nature or kind
whatsoever, whether civil, criminal, administrative or otherwise, made, asserted against or
affecting such director or in which such director is required by law to participate or in which
such director participates as the request of the Registrant or in which such director chooses to
participate, if it relates to, arises from, or is based on such individual&#146;s service as a director
or
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">officer of the Registrant or service as a director or officer of another entity at the request
of the Registrant or (ii)&nbsp;otherwise related to, arising from or based on such individual&#146;s service
as a director or officer of the Registrant or service as a director or officer of another entity at
the request of the Registrant, except if such indemnification or reimbursement would be prohibited
by the Act or any other applicable law.
</DIV>

<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption From Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed with or incorporated by reference into this Registration
Statement (numbering corresponds to Exhibit&nbsp;Table in Item&nbsp;601 of Regulation&nbsp;S-K):
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restated Certificate and Articles of Incorporation of Nortel Networks
Corporation dated October&nbsp;1, 2000, amended and restated on November&nbsp;9, 2006
(incorporated by reference to Exhibit&nbsp;3.3 to the Registrant&#146;s Annual Report on Form
10-K for the year ended December&nbsp;31, 2006).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By-law No.&nbsp;1 of Nortel Networks Corporation dated February&nbsp;22, 2001
(incorporated by reference to Exhibit&nbsp;3.2 to the Registrant&#146;s Annual Report on Form
10-K dated March&nbsp;13, 2001).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amended and Restated Shareholder Rights Plan Agreement, dated as of February
28, 2006, between the Corporation and Computershare Trust Company of Canada, as Rights
Agent, which includes the Form of Rights Certificate as Exhibit&nbsp;A thereto (incorporated
by reference to Exhibit&nbsp;3 to the Registrant&#146;s Registration Statement on Form 8-A/A
filed on June&nbsp;29, 2006).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nortel 2005 Stock Incentive Plan, As Amended and Restated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nortel U.S. Stock Purchase Plan, As Amended and Restated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nortel Global Stock Purchase Plan, As Amended and Restated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nortel Stock Purchase Plan for Members of the Savings and Retirement Program,
As Amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Gordon A. Davies, Deputy General Counsel and Corporate Secretary of
the Registrant, regarding the validity of certain of the securities being registered.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Deloitte &#038; Touche LLP.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of KPMG LLP.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">23.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Gordon A. Davies, Deputy General Counsel and Corporate Secretary
of the Registrant (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Power of Attorney (included on signature page hereof).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section&nbsp;10(a)(3)
of the Securities Act;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or events
arising after the effective date of the Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
the Registration Statement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any material information with respect to
the plan of distribution not previously disclosed in the Registration
Statement or any material change to such information in the Registration
Statement;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section&nbsp;13 or 15(d) of the
Exchange Act that are incorporated by reference in the Registration
Statement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes that, for purposes of determining</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any liability under the Securities Act, each filing of the Registrant&#146;s annual
report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of the employee benefit plan&#146;s annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Registrant pursuant
to the foregoing provisions, or otherwise, the Registrant has been advised that in the
opinion of the Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Registrant</I>. Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all the requirements for filing
on Form&nbsp;S-8 and has duly caused this Form&nbsp;S-8 Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Toronto, Province of Ontario, Canada on
the 24th day of June, 2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>NORTEL NETWORKS CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left"><FONT style="font-variant: SMALL-CAPS">/s/ Mike S. Zafirovski</FONT>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">MIKE S. ZAFIROVSKI&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Form S-8 Registration
Statement has been signed below by the following persons in the capacities indicated on the 24th
day of June, 2008.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Principal Executive Officer</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ Mike S. Zafirovski</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
(MIKE S. ZAFIROVSKI)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President and Chief Executive Officer,<br>
and a Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Principal Financial Officer</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ Paviter S. Binning</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
(PAVITER S. BINNING)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice-President and<br>
Chief Financial Officer</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Principal Accounting Officer</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ Paul W. Karr</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
(PAUL W. KARR)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;Controller</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>Authorized Representative in the United States:</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">NORTEL NETWORKS INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center"><FONT style="font-variant: SMALL-CAPS">/s/ Lynn C. Egan</FONT><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LYNN C. EGAN</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assistant Secretary</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Power of Attorney</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below constitutes and appoints each of Gordon A. Davies
and Tracy Connelly McGilley, his or her true and lawful attorney-in-fact and agent, each acting
alone, with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign this Registration Statement and any and all
amendments or post-effective amendments thereto, and to file the same, with all exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, each acting alone, full power and authority to do and
perform each and every act and thing appropriate or necessary to be done in connection therewith,
as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent, acting alone, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Form S-8 Registration
Statement has been signed below by the following persons in the capacities indicated on the 24th
day of June, 2008.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Directors:</B>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ J.H. Bennett</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ R.D. McCormick</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">(J. H. BENNETT)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(R.D. McCORMICK)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ M. Bischoff</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ C. Mongeau</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">(M. BISCHOFF)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(C. MONGEAU)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ J.B. Hunt, Jr.</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ H.J. Pearce</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">(J.B. HUNT, JR.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(H.J. PEARCE)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ K.M. Johnson</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ J.D. Watson</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">(K.M. JOHNSON)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(J.D. WATSON)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ J.A. MacNaughton</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-variant: SMALL-CAPS">/s/ M.S. Zafirovski</FONT></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">(J.A. M<FONT style="font-variant: SMALL-CAPS">ac</FONT>NAUGHTON)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(M.S. ZAFIROVSKI)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-variant: SMALL-CAPS">/s/ J.P. Manley</FONT>
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
(J.P. MANLEY)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="113"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Method of Filing</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate and
Articles of Incorporation of
Nortel Networks Corporation
dated October&nbsp;1, 2000, amended
and restated on November&nbsp;9,
2006.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;3.3 to the Registrant&#146;s
Annual Report on Form&nbsp;10-K for
the year ended December&nbsp;31, 2006.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By-law No.&nbsp;1 of Nortel Networks
Corporation dated February&nbsp;22,
2001.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;3.2 to Registrant&#146;s
Annual Report on Form&nbsp;10-K dated
March&nbsp;13, 2001.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Shareholder
Rights Plan Agreement, dated as
of February&nbsp;28, 2006, between
the Corporation and
Computershare Trust Company of
Canada, as Rights Agent, which
includes the Form of Rights
Certificate as Exhibit&nbsp;A
thereto.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;3 to the Registrant&#146;s
Registration Statement on Form
8-A/A filed on June&nbsp;29, 2006.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nortel 2005 Stock Incentive
Plan, As Amended and Restated.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;10.1 to Registrant&#146;s
Quarterly Report on Form&nbsp;10-Q for
the period ended March&nbsp;31, 2008.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nortel U.S. Stock Purchase Plan,
As Amended and Restated.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;10.4 to Registrant&#146;s
Quarterly Report on Form&nbsp;10-Q for
the period ended March&nbsp;31, 2008.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nortel Global Stock Purchase
Plan, As Amended and Restated.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;10.5 to Registrant&#146;s
Quarterly Report on Form&nbsp;10-Q for
the period ended March&nbsp;31, 2008.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nortel Stock Purchase Plan for
Members of the Savings and
Retirement Program, As Amended.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Incorporated by reference to
Exhibit&nbsp;10.6 to Registrant&#146;s
Quarterly Report on Form&nbsp;10-Q for
the period ended March&nbsp;31, 2008.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Gordon A. Davies,
Deputy General Counsel and
Corporate Secretary of the
Registrant, regarding the
validity of certain of the
securities being registered.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte &#038; Touche LLP.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Gordon A. Davies,
Deputy General Counsel and
Corporate Secretary of the
Registrant.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Included in Exhibit&nbsp;5.1.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Included on signature page hereof.</TD>
</TR>
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sv8
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
Nortel Networks Corporation
(Exact Name of Registrant as Specified in Its Charter)
CANADA
3661
98-0535482
(State or Other Jurisdiction of
(Primary Standard Industrial
(I.R.S. Employer Identification Number)
Incorporation or Organization)
Classification Code Number)
195 The West Mall
Toronto, Ontario, Canada M9C 5K1
(905) 863-7000
(Address of Principal Executive Offices)
Nortel 2005 Stock Incentive Plan, As Amended and Restated
Nortel U.S. Stock Purchase Plan, As Amended and Restated
Nortel Global Stock Purchase Plan, As Amended and Restated
Nortel Stock Purchase Plan for Members of the Savings and Retirement Program,
As Amended
(Full Title of the Plans)
CT Corporation
111 8
th
Avenue
New York, NY 10011
(212) 894-8940
(Name, Address, and Telephone Number, Including Area Code, of Agent for Service)
The Commission is requested to send copies of all communications to:
Mary E. Alcock
Gordon A. Davies
Cleary Gottlieb Steen & Hamilton LLP
Deputy General Counsel and Corporate Secretary
One Liberty Plaza
Nortel Networks Corporation
New York, New York 10006
195 The West Mall
(212) 225-2998
Toronto, Ontario, Canada M9C 5K1
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large
accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer
þ
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company
o
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Amount
Proposed Maximum
Proposed Maximum
Amount of
Title of Securities
to be
Offering Price Per
Aggregate Offering
Registration
Name of Plan
to be Registered (2)
Registered (1)
Share (3)
Price
Fee (3)
Nortel 2005 Stock
Incentive Plan, As
Amended and
Restated
Nortel Networks
Corporation Common
Shares
14,000,000
Shares
$9.58
$134,120,000
$5,270.91
Nortel U.S. Stock
Purchase Plan, As
Amended and
Restated; Nortel
Global Stock
Purchase Plan, As
Amended and
Restated; and
Nortel Stock
Purchase Plan for
Members of the
Savings and
Retirement Program,
As Amended
Nortel Networks
Corporation Common
Shares
5,500,000
Shares (4)
$9.58
$52,690,000
$2,070.72
TOTAL
19,500,000
Shares
$9.58
$186,810,000
$7,341.63
(1)
Consists of common shares (the "Shares") of Nortel Networks Corporation (the "Registrant") to
be made available pursuant to the Nortel 2005 Stock Incentive Plan, As Amended and Restated,
the Nortel U.S. Stock Purchase Plan, As Amended and Restated, the Nortel Global Stock Purchase
Plan, As Amended and Restated, and the Nortel Stock Purchase Plan for Members of the Savings
and Retirement Program, As Amended (collectively, the "Plans"), as applicable. In addition,
pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"),
this Registration Statement also covers an indeterminable amount of additional shares as may
be offered as a result of the operation of the Plans' provisions as may be required in the
event of a stock split, stock dividend, recapitalization or other similar adjustments in the
outstanding Shares of the Registrant.
(2)
Includes the rights (the "Rights") attached to each Share pursuant to the Amended and
Restated Shareholder Rights Plan Agreement dated as of February 28, 2006. Until the
occurrence of certain prescribed events, the Rights are not exercisable, are evidenced by the
certificates representing the Shares and may be transferred only together with the Shares.
(3)
Estimated solely for the purpose of determining the amount of the registration fee in
accordance with Rule 457(h) under the Securities Act and based upon the average of the
high and low prices per Share of the Registrant as reported on the New York Stock Exchange
on June 19, 2008.
(4)
Any Shares purchased under any one of the Nortel U.S. Stock Purchase Plan, As Amended and
Restated, the Nortel Global Stock Purchase Plan, As Amended and Restated, or the Nortel Stock
Purchase Plan for Members of the Savings and Retirement Program, As Amended, reduces on a
share-for-share basis the number of Shares available for subsequent purchase under the other
two foregoing Plans.
TABLE OF CONTENTS
PART I INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
Item 2. Registrant Information and Employee Plan Annual Information.
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption From Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
EXHIBIT INDEX
Opinion of Gordon A. Davies
Consent of Deloitte & Touche LLP
Consent of KPMG LLP
Consent of Gordon A. Davies
2
PART I
INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
Not filed as part of this Registration Statement pursuant to Note to Part I of Form S-8.
Item 2. Registrant Information and Employee Plan Annual Information.
Not filed as part of this Registration Statement pursuant to Note to Part I of Form S-8.
3
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which previously have been filed by Nortel Networks Corporation (the
"Corporation" or "Registrant") with the Securities and Exchange Commission (the "Commission"), are
incorporated herein by reference and made a part hereof:
(a) The Corporation's Annual Report on Form 10-K for the fiscal year ended December 31, 2007,
filed with the Commission on February 27, 2008;
(b) The Corporation's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31,
2008, filed with the Commission on
May 2, 2008;
(c) The Corporation's Current Reports on Form 8-K, filed with the Commission on February 26,
2008, February 27, 2008, May 2, 2008, May 21, 2008, May 22, 2008, May 28, 2008 and June 11, 2008;
(d) The description of the Shares and the Rights attached to each Share contained in the
Corporation's registration statement on Form 8-A filed with the Commission on April 28, 2000, as
amended by Form 8-A/A filed with the Commission on May 1, 2000, Form 8-A/A filed with the
Commission on April 25, 2003 and Form 8-A/A filed with the Commission on June 29, 2006; and
(e) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934,
as amended (the "Exchange Act"), since the end of the fiscal year covered by the registration
document referred to in (a) above.
All reports and other documents filed by the Corporation pursuant to Sections 13(a), 13(c), 14
or 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the
filing of a post-effective amendment hereto, which indicates that all securities offered hereunder
have been sold or which deregisters all securities remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part hereof from the date of
filing of such documents.
For purposes of this Registration Statement, any document or any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be deemed to be
modified or superseded to the extent that a subsequently filed document or a statement contained
herein or in any other subsequently filed document which also is or is deemed to be incorporated
herein by reference modifies or supersedes such document or such statement in such document. Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
4
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
The validity of the common shares offered hereby under the Nortel 2005 Stock Incentive Plan,
As Amended and Restated, will be passed upon for us by Gordon A. Davies, Deputy General Counsel and
Corporate Secretary of the Registrant. Mr. Davies is a full time employee of the Registrant and is
eligible to participate in certain of the Plans and receive Shares thereunder. Mr. Davies currently
beneficially owns less than 1% of our outstanding Shares.
Item 6. Indemnification of Directors and Officers.
The Canada Business Corporations Act (the "Act") provides that a corporation may indemnify a
director or officer of the corporation, a former director or officer of the corporation or another
individual who acts or acted at the corporation's request as a director or officer, or an
individual acting in a similar capacity, of another entity, against all costs, charges and
expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred
by the individual in respect of any civil, criminal, administrative, investigative or other
proceeding in which the individual is involved because of that association with the corporation or
other entity where the individual acted honestly and in good faith with a view to the best
interests of the corporation or, as the case may be, to the best interests of the other entity for
which the individual acted as a director or officer or in a similar capacity at the corporation's
request, and, in the case of a criminal or administrative action or proceeding that is enforced by
a monetary penalty, the individual had reasonable grounds for believing that the individual's
conduct was lawful. Where such an individual was not judged by the court or other competent
authority to have committed any fault or omitted to do anything that the individual ought to have
done, and the individual fulfills the conditions above, such individual is entitled to indemnity
from the corporation in respect of all costs, charges and expenses reasonably incurred by the
individual in connection with the defence of any civil, criminal, administrative, investigative or
other proceeding to which the individual is subject because of the individual's association with
the corporation or other entity.
By-law No. 1 of the Registrant, approved by the Board of Directors on February 22, 2001 and
confirmed by the shareholders of the Registrant on April 26, 2001 reads, in part, as follows:
"SECTION 9.2 INDEMNITY
Subject to the limitations contained in the Act, the corporation shall indemnify a director
or officer, a former director or officer, or a person who acts or acted at the corporation's
request as a director or officer of a body corporate of which the corporation is or was a
shareholder or creditor, or a person who undertakes or has undertaken any liability on
behalf of the corporation or any such body corporate, and his or her heirs and legal
representatives, against all costs, charges and expenses, including an amount paid to settle
an action or satisfy a judgment, reasonably incurred by that person in respect of any
5
civil, criminal or administrative action or proceeding to which such person is made a party
by reason of being or having been a director or officer of the corporation or such body
corporate, if:
(a)
such person acted honestly and in good faith with a view to the best
interests of the corporation; and
(b)
in the case of a criminal or administrative action or proceeding that
is enforced by a monetary penalty, such person had reasonable grounds for believing
that his or her conduct was lawful.
The corporation shall indemnify any person referred to above who fulfills the conditions
contained in (a) and (b) above and who has been substantially successful on the merits in
the defense of any civil, criminal or administrative action or proceeding to which such
person is made a party by reason of his or her being or having been a director or officer of
the corporation or body corporate, against all costs, charges and expenses reasonably
incurred by such person in connection with the defense of such action or proceeding.
The corporation may also indemnify such persons in such other circumstances as the Act or
other applicable law permits or requires. Nothing in this by-law shall limit the right of
any person entitled to indemnity to claim indemnity apart from the provisions of this
by-law. The corporation is hereby authorized to execute agreements evidencing its indemnity
in favour of the foregoing persons to the full extent permitted by law.
SECTION 9.3 INSURANCE
To the extent permitted by the Act and other applicable law, the corporation may purchase
and maintain insurance for the benefit of any person referred to in Section 9.2 against such
liability as the board of directors may determine."
The Act also provides specifically for the purchase and maintenance of insurance by a
corporation for the benefit of a director or officer of the corporation, a former director or
officer of the corporation or another individual who acts or acted at the corporation's request as
a director or officer, or an individual acting in a similar capacity, of another entity against
liability incurred as such. The Registrant maintains group liability insurance for the directors
and officers of the Registrant and its subsidiaries.
Pursuant to indemnification agreements entered into between the Registrant and each
non-employee director, the Registrant has agreed to indemnify and reimburse each such director for
any injury, losses, liabilities, damages, charges, costs, expenses, fines or settlement amount
reasonably incurred by such director, including reasonable legal and other professional fees, (i)
in connection with a claim, action, suit, application, litigation, charge, complaint, prosecution,
assessment, reassessment, investigation, inquiry, hearing or other proceeding of any nature or kind
whatsoever, whether civil, criminal, administrative or otherwise, made, asserted against or
affecting such director or in which such director is required by law to participate or in which
such director participates as the request of the Registrant or in which such director chooses to
participate, if it relates to, arises from, or is based on such individual's service as a director
or
6
officer of the Registrant or service as a director or officer of another entity at the request
of the Registrant or (ii) otherwise related to, arising from or based on such individual's service
as a director or officer of the Registrant or service as a director or officer of another entity at
the request of the Registrant, except if such indemnification or reimbursement would be prohibited
by the Act or any other applicable law.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
The following exhibits are filed with or incorporated by reference into this Registration
Statement (numbering corresponds to Exhibit Table in Item 601 of Regulation S-K):
4.1
Restated Certificate and Articles of Incorporation of Nortel Networks
Corporation dated October 1, 2000, amended and restated on November 9, 2006
(incorporated by reference to Exhibit 3.3 to the Registrant's Annual Report on Form
10-K for the year ended December 31, 2006).
4.2
By-law No. 1 of Nortel Networks Corporation dated February 22, 2001
(incorporated by reference to Exhibit 3.2 to the Registrant's Annual Report on Form
10-K dated March 13, 2001).
4.3
Amended and Restated Shareholder Rights Plan Agreement, dated as of February
28, 2006, between the Corporation and Computershare Trust Company of Canada, as Rights
Agent, which includes the Form of Rights Certificate as Exhibit A thereto (incorporated
by reference to Exhibit 3 to the Registrant's Registration Statement on Form 8-A/A
filed on June 29, 2006).
4.4
Nortel 2005 Stock Incentive Plan, As Amended and Restated.
4.5
Nortel U.S. Stock Purchase Plan, As Amended and Restated.
4.6
Nortel Global Stock Purchase Plan, As Amended and Restated.
4.7
Nortel Stock Purchase Plan for Members of the Savings and Retirement Program,
As Amended.
5.1
Opinion of Gordon A. Davies, Deputy General Counsel and Corporate Secretary of
the Registrant, regarding the validity of certain of the securities being registered.
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of KPMG LLP.
7
23.3
Consent of Gordon A. Davies, Deputy General Counsel and Corporate Secretary
of the Registrant (included in Exhibit 5.1).
24.1
Power of Attorney (included on signature page hereof).
Item 9. Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section 10(a)(3)
of the Securities Act;
(ii)
To reflect in the prospectus any facts or events
arising after the effective date of the Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
the Registration Statement; and
(iii)
To include any material information with respect to
the plan of distribution not previously disclosed in the Registration
Statement or any material change to such information in the Registration
Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or 15(d) of the
Exchange Act that are incorporated by reference in the Registration
Statement;
(2)
That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and
(3)
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining
8
any liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of the employee benefit plan's annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(h)
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Registrant pursuant
to the foregoing provisions, or otherwise, the Registrant has been advised that in the
opinion of the Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.
9
SIGNATURES
The Registrant
. Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all the requirements for filing
on Form S-8 and has duly caused this Form S-8 Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Toronto, Province of Ontario, Canada on
the 24th day of June, 2008.
NORTEL NETWORKS CORPORATION
By:
/s/ Mike S. Zafirovski
MIKE S. ZAFIROVSKI
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Form S-8 Registration
Statement has been signed below by the following persons in the capacities indicated on the 24th
day of June, 2008.
Signature
Title
Principal Executive Officer
/s/ Mike S. Zafirovski
(MIKE S. ZAFIROVSKI)
President and Chief Executive Officer,
and a Director
Principal Financial Officer
/s/ Paviter S. Binning
(PAVITER S. BINNING)
Executive Vice-President and
Chief Financial Officer
Principal Accounting Officer
/s/ Paul W. Karr
(PAUL W. KARR)
Controller
Authorized Representative in the United States:
NORTEL NETWORKS INC.
/s/ Lynn C. Egan
Name:
LYNN C. EGAN
Title:
Assistant Secretary
10
Power of Attorney
Each person whose signature appears below constitutes and appoints each of Gordon A. Davies
and Tracy Connelly McGilley, his or her true and lawful attorney-in-fact and agent, each acting
alone, with full power of substitution and resubstitution, for him or her and in his or her name,
place and stead, in any and all capacities, to sign this Registration Statement and any and all
amendments or post-effective amendments thereto, and to file the same, with all exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, each acting alone, full power and authority to do and
perform each and every act and thing appropriate or necessary to be done in connection therewith,
as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent, acting alone, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Form S-8 Registration
Statement has been signed below by the following persons in the capacities indicated on the 24th
day of June, 2008.
Directors:
/s/ J.H. Bennett
/s/ R.D. McCormick
(J. H. BENNETT)
(R.D. McCORMICK)
/s/ M. Bischoff
/s/ C. Mongeau
(M. BISCHOFF)
(C. MONGEAU)
/s/ J.B. Hunt, Jr.
/s/ H.J. Pearce
(J.B. HUNT, JR.)
(H.J. PEARCE)
/s/ K.M. Johnson
/s/ J.D. Watson
(K.M. JOHNSON)
(J.D. WATSON)
/s/ J.A. MacNaughton
/s/ M.S. Zafirovski
(J.A. M
ac
NAUGHTON)
(M.S. ZAFIROVSKI)
/s/ J.P. Manley
(J.P. MANLEY)
11
EXHIBIT INDEX
Exhibit No.
Description
Method of Filing
4.1
Restated Certificate and
Articles of Incorporation of
Nortel Networks Corporation
dated October 1, 2000, amended
and restated on November 9,
2006.
Incorporated by reference to
Exhibit 3.3 to the Registrant's
Annual Report on Form 10-K for
the year ended December 31, 2006.
4.2
By-law No. 1 of Nortel Networks
Corporation dated February 22,
2001.
Incorporated by reference to
Exhibit 3.2 to Registrant's
Annual Report on Form 10-K dated
March 13, 2001.
4.3
Amended and Restated Shareholder
Rights Plan Agreement, dated as
of February 28, 2006, between
the Corporation and
Computershare Trust Company of
Canada, as Rights Agent, which
includes the Form of Rights
Certificate as Exhibit A
thereto.
Incorporated by reference to
Exhibit 3 to the Registrant's
Registration Statement on Form
8-A/A filed on June 29, 2006.
4.4
Nortel 2005 Stock Incentive
Plan, As Amended and Restated.
Incorporated by reference to
Exhibit 10.1 to Registrant's
Quarterly Report on Form 10-Q for
the period ended March 31, 2008.
4.5
Nortel U.S. Stock Purchase Plan,
As Amended and Restated.
Incorporated by reference to
Exhibit 10.4 to Registrant's
Quarterly Report on Form 10-Q for
the period ended March 31, 2008.
4.6
Nortel Global Stock Purchase
Plan, As Amended and Restated.
Incorporated by reference to
Exhibit 10.5 to Registrant's
Quarterly Report on Form 10-Q for
the period ended March 31, 2008.
4.7
Nortel Stock Purchase Plan for
Members of the Savings and
Retirement Program, As Amended.
Incorporated by reference to
Exhibit 10.6 to Registrant's
Quarterly Report on Form 10-Q for
the period ended March 31, 2008.
5.1
Opinion of Gordon A. Davies,
Deputy General Counsel and
Corporate Secretary of the
Registrant, regarding the
validity of certain of the
securities being registered.
Filed herewith.
23.1
Consent of Deloitte & Touche LLP.
Filed herewith.
23.2
Consent of KPMG LLP.
Filed herewith.
23.3
Consent of Gordon A. Davies,
Deputy General Counsel and
Corporate Secretary of the
Registrant.
Included in Exhibit 5.1.
24.1
Power of Attorney.
Included on signature page hereof.