Rudolf Kemler, Chairman of Telekom Austria AG, told News that the company is seeking options to raise funds for hundreds of millions of euros in major investments it faces. "We presumably don't have (funds for this) in the Telekom group. That does not arise from current liquidity.

But we will employ capital market instruments. We have also authorized management to take steps on this," he was quoted as saying. When Reuters asked if he was referring to a hybrid debt issue of up to €800 million, Kemler said: "That is the range." The officials of Telekom Austria earlier played down the chances of raising fresh capital or selling assets to cut debt faster.