Reliance Communications will cut its net debt by more than half through the sale of its mobile telephone mast division, according to a Financial Times report. India’s second-largest mobile operator on Sunday announced plans for a US$11 billion merger between Reliance Infratel and GTL Infrastructure, an independent Indian mast operator. The move will reportedly cut Reliance’s INR330 billion (US$7.1 billion) net debt by INR180 billion.