Timico fait ?quipe avec Nortel pour lancer un service h?berg? de voix sur IP pour enterprises; la soci?t? sera le premier fournisseur britannique de services converg?s mobiles, fixes, d'acc?s ? Internet et VoIP

Business Editors/Technology Editors

LONDON--(BUSINESS WIRE)--June 15, 2005--Timico Ltd.,un fournisseur indépendant de services de communication convergés aux entreprises britanniques, lance aujourd’hui une solution hébergée d’autocommuntateur privé basée sur le protocole IP de Nortel (NYSE:NT) (TSX:NT). Ce nouveau service fournit des communications vocales sur IP (VoIP) et multimédia principalement aux entreprises britanniques. L’accord pour l'équipement de Nortel a été signé en mars 2005 avant le déploiement du réseau.

( BW)(NORTEL/TIMICO)(NT)(NT.TO) Timico Teams With Nortel to Launch Hosted Voice over IP Service for Business; Becomes First UK Provider of Converged Mobile, Fixed, Internet and VoIP Services

Business Editors/Technology Editors

LONDON--(BUSINESS WIRE)--June 15, 2005--Timico Ltd., an independent provider of converged communication services to the UK business market, today launched a hosted IP PBX Centrex solution enabled by Nortel (NYSE:NT) (TSX:NT). This new service brings hosted voice over IP (VoIP) and multimedia communications firmly into the UK business arena. The agreement for Nortel equipment was signed in March 2005 and the network has been deployed

The addition of VoIP to Timico's existing fixed and mobile telecommunication and Internet services makes Timico the first company in the UK to be able to provide converged mobile, fixed, internet and VoIP services on one bill within a single customer management solution, allowing companies to manage their users' total communication costs under a single cost centre-based hierarchy

Timico is working with Nortel to offer SIP-based, multimedia communications server (MCS) services that provide carrier levels of robustness and an enhanced feature set

"Some consumer Internet-based voice applications may be useful for individual users, but they are not fit for business use," said Mike Webb, managing director, Timico.

"In the business market security and quality of service issues must be addressed, as well as increased functionality. Using a Nortel-based solution, our aim is to take VoIP beyond the free Internet telephone call, providing a complete service that allows businesses of all sizes to enjoy the benefits of cutting edge communication without the high capital costs associated with installing your own switch." "We expect this service to halve our customers' total fixed line costs," Webb said

Timico's new 'VoIP for Business' service offers a range of new and exciting multimedia features such as presence, desktop video conferencing and file sharing, all with the added benefit of dramatic reductions on call charges. It offers an IP Centrex capability as a hosted service with complete resilience and 24-hour system management

"From today, Timico's customers are able to benefit from a robust, carrier grade VoIP service making powerful new communications capabilities available to business users of all sizes," said Brian Day, vice president carrier voice networks, EMEA (Europe, Middle East, Africa), Nortel.

"Nortel is delighted to work with a progressive company like Timico, enabling it to complete its converged service portfolio and enhance further the communications experience of UK businesses." From the small office looking for entry-level VoIP to companies with a chain of branch offices who need more sophisticated capabilities, Timico can provide a low capital expense, cost saving IP solution. The Timico VoIP for Business solution provides a tiered range of services aimed at ensuring all businesses can benefit from the cost savings and productivity enhancements of the IP communication world. It can be implemented on a standalone basis as a PABX replacement service or used in conjunction with existing fixed line infrastructure to route outbound calls at a lower cost, add more extension capacity, or connect branch offices and home workers

Timico's focus on providing only business strength services means that the company is building a reputation for quality and innovation amongst the business community. It provides its customers with a single point of contact and a single bill covering all aspects of business communication. Atlas Internet, a wholly owned subsidiary of Timico and specialist business-to-business Internet service provider, provides the managed connectivity for the VoIP solution, ensuring a consistent quality of service

Key features of the new Timico VoIP for Business service include:

-- Lower call costs to UK and international destinations with free calls between companies' own users from wherever they have a broadband connection

-- Reduced network costs with fewer incoming lines required

-- Lower maintenance and office move costs - simply log in and use over a LAN or single broadband connection

-- Lower capital cost of entry and cost of ownership with a managed hosted solution

-- Enhanced feature set offering:

-- Presence so you can see who is logged on, off or busy

-- Secure instant messaging

-- Secure file sharing and white boarding

-- Call routing

-- Video calling

-- Conferencing

-- Feature rich PC multimedia client with soft-phone and hard-phone options

-- Easy to use with minimal training

-- Secure and robust

-- Fixed and mobile integrated VoIP services

-- Incoming call solutions with geographic or non geographic numbers that provide every user with a direct line number that goes with the owner anywhere in the world.

About Timico

Timico is an independent provider of converged communication services to the UK business market.

The company provides a range of business strength fixed, mobile and internet connectivity solutions

Founded in 2004 by a highly experienced management team, Timico brings an unrivalled understanding of its customers' needs, delivered through its independence, its high levels of customer service and a desire to help its customers to operate more effectively.

For more information: www.timico.co.uk/int.html.

About Nortel

Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most critical information. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world's greatest challenges.

Nortel does business in more than 150 countries.

For more information, visit Nortel on the Web at www.nortel.com.

For the latest Nortel news, visit www.nortel.com/news.

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties

The results or events predicted in these statements may differ materially from actual results or events.

Factors which could cause results or events to differ from current expectations include, among other things: the outcome of regulatory and criminal investigations and civil litigation actions related to Nortel's restatements and the impact any resulting legal judgments, settlements, penalties and expenses could have on Nortel's results of operations, financial condition and liquidity, and any related potential dilution of Nortel's common shares; the findings of Nortel's independent review and implementation of recommended remedial measures; the outcome of the independent review with respect to revenues for specific identified transactions, which review will have a particular emphasis on the underlying conduct that led to the initial recognition of these revenues; the restatement or revisions of Nortel's previously announced or filed financial results and resulting negative publicity; the existence of material weaknesses in Nortel's internal control over financial reporting and the conclusion of Nortel's management and independent auditor that Nortel's internal control over financial reporting is ineffective, which could continue to impact Nortel's ability to report its results of operations and financial condition accurately and in a timely manner; the impact of Nortel's and NNL's failure to timely file their financial statements and related periodic reports, including Nortel's inability to access its shelf registration statement filed with the United States Securities and Exchange Commission (SEC); ongoing SEC reviews, which may result in changes to Nortel's and NNL's public filings; the impact of management changes, including the termination for cause of Nortel's former CEO, CFO and Controller in April 2004; the sufficiency of Nortel's restructuring activities, including the work plan announced on August 19, 2004 as updated on September 30, 2004 and December 14, 2004, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; cautious or reduced spending by Nortel's customers; increased consolidation among Nortel's customers and the loss of customers in certain markets; fluctuations in Nortel's operating results and general industry, economic and market conditions and growth rates; fluctuations in Nortel's cash flow, level of outstanding debt and current debt ratings; Nortel's monitoring of the capital markets for opportunities to improve its capital structure and financial flexibility; Nortel's ability to recruit and retain qualified employees; the use of cash collateral to support Nortel's normal course business activities; the dependence on Nortel's subsidiaries for funding; the impact of Nortel's defined benefit plans and deferred tax assets on results of operations and Nortel's cash flow; the adverse resolution of class actions, litigation in the ordinary course of business, intellectual property disputes and similar matters; Nortel's dependence on new product development and its ability to predict market demand for particular products; Nortel's ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization and consolidation in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of Nortel's customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date of Nortel's forward purchase contracts; negative developments associated with Nortel's supply contracts and contract manufacturing agreements, including as a result of using a sole supplier for a key component of certain optical networks solutions; the impact of Nortel's supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; and the future success of Nortel's strategic alliances.

For additional information with respect to certain of these and other factors, see the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed by Nortel with the SEC.

Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.

CONTACT:

Nortel

Ben Roome, +44 1628 433113 [email protected]

or

Timico

Gay Bell, +44 20 8964 9149 [email protected]

KEYWORD: TEXAS UNITED KINGDOM INTERNATIONAL EUROPE

INDUSTRY KEYWORD: TELECOMMUNICATIONS HARDWARE SOFTWARE PRODUCT MARKETING AGREEMENTS

SOURCE: Nortel