REFILE-Nortel receives listing notice from NYSE

(Refiles to delete extraneous word in first paragraph) (Figures in U.S. dollars unless noted)

TORONTO, Dec 11 (Reuters) - Telecom equipment maker Nortel Networks Corp (NT.TO) said it received notice from the New York Stock Exchange on Thursday that its share price is below the exchange's continued listing standards.

Nortel's common shares have closed under $1.00 for 30 consecutive trading days to Dec. 9. Under exchange rules, the company has six months to bring its average common share price back above $1.00. In the interim, its shares will remain listed on the NYSE as long as it meets other exchange requirements, Nortel said.

If the average closing price does not sufficiently improve, the company said it may present a proposal to shareholders for a consolidation of shares.

Nortel shares closed unchanged at 40 cents in New York on Thursday. In Toronto, the stock was down 1.5 Canadian cents at 47.5 Canadian cents.

In mid-2000, at the height of the tech bubble, they were worth more than C$1,100 each, adjusted for a stock consolidation that took place in late 2006.

($1=$1.235 Canadian) (Reporting by Lynne Olver; editing by Rob Wilson)