Deal Reached on .Com Domain Price Hikes

The board of the Internet's main oversight agency has approved a deal under which VeriSign Inc. must meet some conditions in order to raise fees for ".com" domain names.

VeriSign, which is based in Mountain View, Calif., operates the servers that constitute the Internet's core address book for ".com" Web sites, making sure that people find Web sites. The company sells ".com" addresses for $6 each to registrars who then sell them to the public.

Under the deal approved Tuesday by the Internet Corporation for Assigned Names and Numbers, or ICANN, VeriSign is allowed to raise its annual fee for domain names, which registrars could then pass along to customers.

The deal limits VeriSign's annual price increases to 7 percent in four of the next six years. In two of the years, VeriSign could raise fees by the same percentage only in response to a security threat or to comply with an ICANN mandate.

The deal has faced opposition from some registrars, who have complained about the price increases and the fact that like previous contracts, it gives VeriSign the first right to renew the contract with ICANN when it expires.

The ICANN board was divided on the issue, voting 9 to 5 for approval, with one abstention. Statements by the board members were not immediately available.

VeriSign said it was "pleased" with ICANN's approval, and noted that it was similar to a deal reached last year over ".net" domain names, which the company also administers.

The ".com" deal still needs to be approved by the U.S. Department of Commerce.

In morning trading on the Nasdaq Stock Market, shares of VeriSign rose 13 cents to $23.79.


  • Windows 10 Mobile To Fall Out of Support in December

    Microsoft will end support for the Windows 10 Mobile operating system on Dec. 10, 2019, according to an announcement.

  • Get More Out of Your Outlook Inbox with TakeNote

    Brien comes across a handy, but imperfect, feature in Outlook that lets you annotate specific e-mails. Its provenance is something of a mystery, though.

  • Microsoft Resumes Rerelease of Windows 10 Version 1809

    Microsoft on Wednesday once more resumed its general rollout of the Windows 10 version 1809 upgrade, also known as the "October 2018 Update."

  • Microsoft Ups Its Windows 10 App Compatibility Assurances

    Microsoft gave assurances this week that organizations adopting Windows 10 likely won't face application compatibility issues.

comments powered by Disqus
Most   Popular

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.