U.S. gives Verisign Another Six Years of .Com Registration Exclusivity
The U.S. Department of Commerce has given their approval to a contract that lengthens Verisign's authority to continue administering the top level .com domain until 2012.
The DOC nod also gives Verisign the authority to raise renewed .com registry service fees by as much as seven percent in four of the contract's six years.
Some Verisign competitors are not happy with the decision.
We're "disappointed that in the face of widespread opposition, the Commerce Department approved an agreement between ICANN and Verisign, renewing Verisign's contract to operate the .com registry," said Network Solutions VP of policy Jon Nevett.
"Unfortunately, the Commerce Department has endorsed an agreement that creates a perpetual de facto monopoly, fails to provide sufficient checks and balances through competition and adequate oversight, and is fundamentally flawed from a national cyber-security perspective."
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