To: Kenneth E. Phillipps who wrote (9981 ) 2/20/2001 9:16:44 AM From: Kenneth E. Phillipps Read Replies (1) | Respond to of 14638 2/19/01 - NORTEL NETWORKS: Nortel Networks extends long haul DWDM market lead in North America, RHK says Nearly doubles market share, strengthening leadership position in optical Internet Feb 19, 2001 (M2 PRESSWIRE via COMTEX) -- Nortel Networks has substantially increased its lead in the North American long haul DWDM market with a 61.4 percent share as of year-end 2000, nearly double its 37.1 percent share one year earlier. These estimates are from a new optical market study recently released by RHK, a leading telecommunications research firm. The study also ranks Nortel Networks #1 in the North American metropolitan DWDM and SONET market, and is consistent with similar reports recently published by IDC and the Dell'Oro Group. "Nortel Networks continues to take market share, outpace competitors and exceed industry growth in the strategic optical networking market," said Greg Mumford, president, Optical Internet, Nortel Networks. "No other company is as well positioned as Nortel Networks in today's market. Our all-photonic, IP (Internet Protocol)-based strategy represents the future - a new, high-performance Internet significantly more powerful than that we know today." Optical technology is enabling explosive advancements in communications, creating opportunities on an unprecedented scale for vendors, Wall Street and private investors alike, according to RHK. Although the RHK report covers only North America, Nortel Networks is also showing significant momentum in Asia and Europe, applying its optical networking expertise to a broadening global market. Last week, China Telecom awarded Nortel Networks the largest single optical contract ever in China. Web Releases are intended to provide customers, shareholders and employees with additional information, background and context on events and trends at Nortel Networks and the market as a whole. Breaking news and announcements will be communicated through news releases distributed via Business Wire. *Nortel Networks, the Nortel Networks logo and the Globemark, are trademarks of Nortel Networks. CONTACT: Ann Fuller Tel: +1 613 768 1208 e-mail: afuller@nortelnetworks.com M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at presswire.net on the world wide web. Inquiries to info@m2.com. (C)1994-2001 M2 COMMUNICATIONS LTD -0- tscn.com