ICANN: VeriSign Can Raise .net Prices in 2007
by Harun Yayli on Monday, July 11th, 2005 at 7:23 am under Industry, Internet
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.
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