Reliant FORM 10-K manual Washington, D.C, Annual report pursuant to or 15d

	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	FORM 10-K
	Annual report pursuant to Section 13 or 15(d) of
￿	the Securities Exchange Act of 1934
	For the fiscal year ended December 31, 2003
	Transition report pursuant to Section 13 or 15(d) of
	the Securities Exchange Act of 1934
	For the transition period from	to
	Commission file number 001-07260
	Nortel Networks Corporation
	(Exact name of registrant as specified in its charter)
Canada		Not Applicable
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
8200 Dixie Road, Suite 100, Brampton, Ontario, Canada		L6T 5P6
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number including area code: (905) 863-0000

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Common Shares without nominal or par value 4.25% Convertible Senior Notes Due 2008

Name of each exchange on which registered New York Stock Exchange

New York Stock Exchange

The common shares are also listed on the Toronto Stock Exchange in Canada

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been

subject to filing requirements for the past 90 days. Yes No

Indicate by check mark if disclosure of delinquent filers pursuant￿to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Indicate by check mark whether the registrant￿is an accelerated filer (as defined in Rule 12b-2 of the Act). Yes No

On December 31, 2004, 4,268,236,086 common shares of Nortel Networks Corporation were issued and outstanding￿. Non-affiliates of the registrant held 4,261,699,641 common shares having an aggregate market value of $14,788,097,754 based upon the last sale price on the New York Stock Exchange on December 31, 2004, of $3.47 per share; for purposes of this calculation, shares held by directors and executive officers have been excluded.