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VeriSign Can Raise .net Prices in 2007

Posted by ryuzaki0 on from the prices-rising dept.

miller60 writes "ICANN is lifting restrictions on VeriSign's pricing of .net domains as of Jan. 1, 2007, eliminating a cap that dictated the amount VeriSign could charge registrars for each .net domain. The cap, now at $4.25 per name, expires at the end of 2006. The pricing details were not included in a draft contract published by ICANN prior to the bidding process, but negotiated after VeriSign prevailed in a controversial evaluation by Telcordia. VeriSign must give six months before any price change, allowing time to lock in current pricing with multi-year renewals."

2 of 101 comments (clear)

  1. THAT'S IT!!! by Anonymous Coward · · Score: 5, Funny

    I am switching from .net to java NOW!!!

    Uhm, whaat? Never mind... Oops!

  2. When asked why Verisign would raise prices.. by the_rajah · · Score: 4, Funny

    their representative is quoted as saying, "Because I CANN."

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    "Do the Right Thing. It will gratify some people and astound the rest." - Mark Twain