VeriSign Renews .com until 2018

VeriSign’s renewal of the .com registry comes a bit later than first expected, due to a review from U.S Department of Justice. VeriSign has been managing the .com domain registry since 1999 in a deal that was renewed in 2006 and was set to expire today.

The extended renewal process was noted during VeriSign’s third quarter 2012 earnings call as a procedural issue that they expected to be able to work through.

As part of that extended process, the Commerce Department adjusted the terms and conditions of the deal from how the 2006 deal was structured. In VeriSign’s 2006 renewal, there was a provision that allowed for .com domain price hikes over the length of the contract. The 2012 contract renewal does not allow for .com price hikes.

According to VeriSign the current pricing of $7.85 per new .com domain registration will not change over the next six years. That said, the company noted that,” if Verisign demonstrates to the Commerce Department’s satisfaction that market conditions no longer warrant such restrictions.”

Read the full story at EntepriseNetworkingPlanet:
VeriSign Retains .com Registry Control Until 2018

Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.