« Pink Floyd to reunite | Main | Jennifer Lopez Pregnant? »

VeriSign to run .net

VeriSign Inc will keep control of Internet addresses that end in .net for six more years, Internet Corporation for Assigned Names and Numbers, or ICANN said on Thursday. VeriSign's current agreement for .net was scheduled to expire on June 30. Under VeriSign's new contract, which takes effect in July, the company will charge $4.25 annually for a new .net registry from $6 previously reports Reuters.

VeriSign beat four other applicants for the registry, said ICANN, the group that oversees Internet address allocation

The .net registry accounts for 7 percent of all domain name registration. The .com registry accounts for 47 percent of all domain name registrations, according to the company.

VeriSign retains the rights to the .com registry until 2007 when it will have to renew that contract, which provides the company with about $200 million annually in revenue.

VeriSign, through a spokesman, said it was pleased with ICANN's decision and would continue to make investments in operating Internet domains.

Analysts have generally believed that losing the .net registry would have been more of a "headline" risk than a big revenue or profit problem to VeriSign.

June 13, 2005
POSTED BY Fabien Montique
TAGS Technology

Recent Articles

John Mayer doesn’t see himself as a ladies man Eva Longoria-Parker doesn’t diet Rihanna thinks her latest album ‘Rated R’ is a “classic” Matt Damon worried about playing a rugby player in new film ‘Invictus’ Mariah Carey enjoyed dressing down for ‘Precious...’ Rihanna devastated by the death of a six-year-old girl Miley Cyrus to star in a remake of French film ‘LOL: Laughing Out Loud’ Cheryl Cole will dance around the stage with whips during her “sexy” solo tour Matthew McConaughey reveals his daughter Vida to the world. Sandra Bullock’s husband hires a pet detective

terms & conditions | privacy policy | contact | Powered By Moveable Type |

The Bosh

VeriSign to run .net