Goldman Sachs and Morgan Stanley have landed lead roles on the flotation of cable and telecoms company Altice, after helping it to increase its stake in French cable company Numericable via an innovative margin loan in November.

Altice announced this morning its intention to proceed with an initial public offering on NYSE Euronext in Amsterdam. The company expects to raise €750 million in the offering, which will be used to reduce debt and pay for the transaction costs.