ICANN: VeriSign Can Raise .net Prices in 2007
ICANN is lifting restrictions on VeriSign's pricing of .net domains after Jan. 1, 2007, a move that may signal ICANN's intent to get out of the business of regulating domain name pricing. ICANN has historically capped registry fees at either $6 or $4.25 per domain, depending on the top-level domain extension (TLD). The new contract reduces the current .net price cap from $6 to $4.25 through Dec. 31, 2006, but then lifts it altogether. The awarding of the .net registry to VeriSign has already prompted controversy and criticism from competitors.
VeriSign's Tom Galvin noted that the new contract (PDF) gives the company the flexibility to raise prices to invest in its infrastructure, but said VeriSign "will take a prudent approach to any adjustment in .net pricing." VeriSign must give six months' notice of any price change, providing an opportunity for existing domain name owners to lock in existing prices with a multi-year renewal.
posted by Fergie @ 7/08/2005 10:57:00 AM
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