RealTime IT News

Network Solutions Gets NTIA Domain Extension

Network Solutions, Inc. (NSI) released a statement today commenting on the one-week extension it reached yesterday with officials from The Department of Commerce's National Telecommunications & Information Administration (NTIA), allowing NSI to continue to provide domain name registration.

Yesterday The Department of Commerce and NSI agreed to extend the period of the five-year Cooperative Agreement No. NCR-9218742 for one week through October 7, 1998. Under the terms of the agreement, NSI operates the .com, .net, .org and .edu registries.

The government said the extension would allow more time to further negotiations between NSI and the government, and to explore introducing competition into the domain name arena.

A statement issued today from NSI, founded back in 1979, said: "Network Solutions has contracted with more than 2.3 million registrants in .com, .net, .org and .edu. Representatives for both NTIA and Network Solutions will continue in their negotiations during this extension and remain confident regarding the continued stability and security of the Internet."

In August, Network Solutions chief executive Gabriel Battista told Reuters in an interview that the company was preparing to face competition. "We've geared up significantly over the last few years with investments, financial resources," Battista said.

"We've advocated early 1997 that we believe competition is the best thing for the industry, the best thing for the Internet and the best thing for us," he said. "The whole Internet has now evolved into a different situation. What made sense then does not make sense for the future."