U.S. GOV. SIGNS .COM DOMAIN FUTURE DEAL

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U.S. GOV. SIGNS .COM DOMAIN FUTURE DEAL

 user 2006-12-07 at 1:21:00 pm Views: 38
  • #17218

    Deal signed on .com domain future
    The
    US government has given its blessing to a controversial deal over the
    future of the lucrative .com net domain.The deal gives .com
    administrator Verisign control over the domain until 2012.The US
    Department of Commerce retains some oversight of Verisign and has final
    approval of any price rises to renew .com net addresses.Critics said
    the deal gave Verisign a monopoly hold on the iconic domain.

    Controversial contract
    The
    original deal over the .com domain was negotiated by Verisign and the
    Internet Corporation for Assigned Names and Numbers (Icann) which
    oversees the net’s address infrastructure.Details of that deal were
    handed over to the US Department of Commerce in March 2006. Although
    the internet is increasingly an international phenomenon, the US
    retains the right to rubber-stamp Icann decisions on how the
    infrastructure operates.The National Telecommunications and Information
    Administration, an agency of the US Department of Commerce, has spent
    the last nine months scrutinising the proposed agreement and reviewing
    comments made on it by net bodies and companies.Verisign has run the
    .com domain since 1999 and has now won the right to keep on controlling
    it until 2012. The deal also gives it the right to raise prices to
    renew .com domains in four of the six years of the contract.Price rises
    are limited to 7% in any year and six months notice must be given of
    any proposed increase.However, the NTIA has kept final approval of any
    price rises and of subsequent renewal of the .com contract. The NTIA
    said the contract would only be renewed at the end of its term if “the
    approval will serve the public interest”.When Icann unveiled the deal
    it was criticised for giving Verisign control over .com for so long.The
    .com domain is by far the most popular of the net’s addresses and
    currently there are 59 million domains registered which use the suffix.
    Verisign maintains the address books of who owns which .com domain and
    runs the computers that direct web users’ computers to the right
    place.The deal also signals the end of legal action taken by Verisign
    against Icann and the dropping of a retaliatory suit by the net
    overseer.