With an engineering backgroud, I would definitely recommend a 2 year MBA program. Your target schools are good ones, although you have the advantage of knowing exactly what you want to do post MBA so do some research on where telecom companies or consulting companies which focus on telecom recruit and target those schools. The adcoms will like your good GMAT score and your 4 years WE, particularly with your long term vision leveraging your background (typically makes you a more valuable hire to recruiters and employability is big on the list of top schools these days due to the bad economy).
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