Mobile Telecommunications Ltd. announced that it has signed an agreement for formation of joint venture company with Sunfair Electric Wire & Cable (HK) Company Ltd. and SW Venture capital fund management Ltd, The new company will be know as MTL Electric Wire and Cable Pvt Ltd. After six months of discussion Mobile Telecommunications Ltd. (Mobile Tele), Sunfair Electric Wire & Cable (HK) Company Ltd. (Sunfair Ltd) and SW Venture Capital Fund Management Ltd. (SW Venture) have signed an MOU' to form a joint venture company to be known as MTL Electric Wire and Cable Pvt Ltd. with 51% stake in it.