Friday, October 28, 2005

ICANN-VeriSign Deal Could Prove Costly

Jim Wagner writes in internetnews.com:

As more registrars digest a proposed settlement deal between VeriSign and the Internet governance body ICANN, at least one is feeling some heartburn over higher rates they could be facing.

VeriSign and the Internet Corporation for Assigned Names and Numbers (ICANN) settled VeriSign's antitrust lawsuit this week, and in the process approved a proposed deal that provides an improved framework for new registry services.

ICANN is taking public comments on the settlement agreement until mid-November and will make a final determination after public comment has come in.

Some registrars, the companies that reserve domain names for Internet publishers, are already weighing in on the deal, which, in part, extends VeriSign's management of the popular .com TLD beyond 2007 to 2012.

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