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Obama to nominate venture capitalist to head FCC


Thomas Wheeler will be stepping in at a time of rapid change in the telecom world, where many rules were formulated before current wireless and Internet technologies emerged.

President Obama plans to nominate venture capitalist Thomas Wheeler to head the Federal Communications Commission, White House officials said.

Wheeler, managing director at Core Capital Partners, a venture-capital firm based in Washington, D.C., also has worked at several start-up companies and been a top lobbyist for the wireless and cable industries.

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