1 Exhibit 1.1 NORTEL NETWORKS LIMITED U.S. $ 1,500,000,000 6.125 % NOTES DUE FEBRUARY 15, 2006 TERMS AND UNDERWRITING AGREEMENT Nortel Networks Limited 8200 Dixie Road, 2000 Brampton, Ontario L6T 5P6 Canada Ladies and Gentlemen: We (the...Terms and Underwriting Agreement • February 2nd, 2001 • Nortel Networks LTD • Telephone communications (no radiotelephone) • New York
