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Lucent Technologies

Lucent Technologies has sold an 80% stake in the Lucent New ventures Group to UK-based private equity firm Coller Capital for an estimated £66m.

Lucent Technologies is planning to close two offices in Malmesbury and Chippenham, although some of the administration and research staff may be relocated to other sites in Swindon.

Lucent Technologies, the telecoms equipment supplier, is considering plans to set up a new administration and research centre on a 30 acre site at South Marston near Swindon, with the creation of hundreds of new jobs.