Monday, January 30, 2006

Deal Places Limits on '.com' Price Hikes

An AP newswire article by Anick Jesdanun, via Yahoo! News, reports that:

VeriSign Inc. must meet certain conditions in order to fully raise fees for ".com" domain names under a new tentative settlement reached with the Internet's main oversight agency.

The new deal also would prevent VeriSign from ultimately passing on to domain name holders separate surcharges that help fund the agency, the Internet Corporation for Assigned Names and Numbers, or ICANN.

The new deal follows months of public input and, ICANN general counsel John Jeffrey said Monday, requires final approval by the boards of both ICANN and VeriSign after another public-comment period.

1 Comments:

At Tue Jan 31, 03:01:00 PM PST, Blogger ... said...

The proposed settlement agreement between ICANN and VeriSign raises fees for .com registrants by up to seven percent per annum in perpetuity. It may be a great deal for two litigants who have found a way to take money out of someone else's pocket, but it's a lousy deal for .com registrants. A petition opposing this price hike has been posted at http://www.petitiononline.com/pricesup/petition.html

 

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