Nortel has received another waiver from the Export Development Canada as it continues a review of financial results for the past several years.

The Canadian government supported credit facility has provided Nortel with loan guarantees. Nortel is in default because of not filing annual reports for 2003 and quarterly reports for 2004.

The waiver was extended until Nortel files the reports or Dec. 10, Nortel said.

The most recent waiver was set to expire on Nov. 19. Five others had been granted earlier.

Nortel has acknowledged overstating revenues by $3.1 billion in 1999 and 2000.

Nortel: www.Nortel.com