Obama close to naming Google's outgoing CEO as new commerce chief; Verizon defends ongoing FiOS rollout

Wireline news from across the Web:

@FierceTelecom RT RTT News via @TheTelecomGang: German market rises on AT&T/T-Mobile USA deal. Story | Follow @FierceTelecom

> President Obama is close to naming Google's outgoing CEO Eric Schmidt as the next Secretary of Commerce, says a Business Insider report. Article

> NetLogic Microsystems, developer of intelligent semiconductor solutions, has developed a low latency 10 Gigabit Ethernet (GbE) PHY solution for next-generation data centers. Release

> Comcast has equipped 85 percent of its markets with DOCSIS 3.0 and continues to introduce it to new areas. Article

> AT&T will release its Q1 2011 results on Wednesday, April 20, 2011. Release

> Zhone has renewed its credit facility with Silicon Valley Bank, which will provide it working capital financing of up to $25 million to support borrowing and letters of credit. Release

> A new Ofcom report revealed that UK consumers aren't happy about getting stuck with large bills when their so-called 'unlimited' broadband plans had a lot of hidden usage fees. Article

And finally ... Verizon maintains that its bet on Fiber to the Home is paying off despite ongoing arguments by Wall Street analysts that FiOS is "a losing proposition." Article