Master Switch is an approachable book and offers some interesting historical accounts. But it's definitely a book intended for a mass audience that embodies Wu's particular take on the whole industry. The major weakness of the book is that, as a sacrifice to the narrative format, it gives insufficient weight to a major aspect of the whole story: how telecom regulation is shaped by contemporary trends in economics and the economics of regulation.
I'd recommend your second read after Master Switch to be a proper textbook in telecom regulation, for a more detached take. My (quite biased--I know one of the authors) recommendation: http://www.cap-press.com/pdf/2322.pdf.
Your third read should be Khan's "The Economics of Regulation" http://www.amazon.com/The-Economics-Regulation-Principles-In..., which puts the whole field into the larger context of the economic theories in play and how those theories have been applied to various regulatory and deregulatory efforts.
I'd recommend your second read after Master Switch to be a proper textbook in telecom regulation, for a more detached take. My (quite biased--I know one of the authors) recommendation: http://www.cap-press.com/pdf/2322.pdf.
Your third read should be Khan's "The Economics of Regulation" http://www.amazon.com/The-Economics-Regulation-Principles-In..., which puts the whole field into the larger context of the economic theories in play and how those theories have been applied to various regulatory and deregulatory efforts.