28 Oct '12, 10pm

.Com Pricing Through 2018 Uncertain as USG Reviews Renewal Contract #news #domaining #domain

VeriSign’s future ability to increase pricing for .Com domains has suddenly become uncertain after the company announced on October 25th that the renewal registry operations contract that has already been approved by ICANN’s Board of Directors is undergoing extended review by the U.S. Departments of Commerce and Justice. VeriSign CEO Jim Bizdos told analysts: “ We have concluded that the Commerce Department may not complete its review and approve the renewal of the .com Registry Agreement prior to its expiration on Nov. 30, 2012, and that the Commerce Department, together with the Department of Justice, is reviewing the .com Registry Agreement’s pricing terms. Pursuant to the terms of the Cooperative Agreement, if the .com Registry Agreement is not approved by the Commerce Department prior to its expiration, the Commerce Department is required to agree to the extension of ...

Full article: http://www.internetcommerce.org/USG_Review_DotCom_Renewal

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