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    Verisign/NSI ICANN: VeriSign Can Raise .net Prices in 2007
    posted by Mueller on Sunday July 10 2005, @08:00AM

    Fergie writes "Via Netcraft.
    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.

    "



     
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    ICANN: VeriSign Can Raise .net Prices in 2007 | Log in/Create an Account | Top | 4 comments | Search Discussion
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    ICANN dropped the ball
    by GeorgeK on Sunday July 10 2005, @01:12PM (#15712)
    User #3191 Info | http://www.kirikos.com/
    ICANN dropped the ball on this one. If they tried it for .com, more people would notice.

    It's a monopoly service, in the hands of an untrustworthy abusive monopolist, as seen on SiteFinder, WLS, and other issues. And we're to trust them not to raise the price to abusive levels? Who negotiates these contracts with VRSN? Why have a tender process, with price as a factor, when that price limit can be raised at a later date? I'm sure the other bidders for .net feel this is rubbing salt on their wounds.

    I'll be extending my expiry dates out to the 10 year maximum, once the lower prices take effect (I don't own many .net names, thankfully -- I focus on .com).
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