manish,
You seem to be deciding in the wrong order. You should first set your goals -- what you want to do / become in life -- and then ask yourself whether an MBA helps you achieve them. I understand that the Indian system tends to push you on a particular career track without much thought regarding where you really want to go.
An MBA basically teaches you how organizations function, how various factors affect the functioning of the organizations, and how one should consider such factors while making decisions when leading an organization. Engineering, on the other hand, teaches you how to apply technology and science to solve everyday problems. You should choose the career track that appeals to you most.
Most engineers, as far as I know, study MBA for two reasons: - 1) to become leaders (managers) in their technical organizations; 2) to change their career track from engineering to management / finance / etc. If want a technical job at leading telecom companies, an MS (EE) may be a better career option than an MBA. With an MBA, you will most likely be at a small disadvantage to return back to a technical job because you will have missed out on the technology updates for a couple of years while you pursue your MBA.
Hope you find this helpful. Good luck.



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)..but have dropped the plans of doing MS.Now I am in my final semester & want to take some concrete step towards further studies.I m interested in MBA with IT just as u are.I want to know your further progress..Please reply me
.. I hope u r doing absolutely fine in whichever field u have selected..
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