Deal Reached on .Com Domain Price Hikes

Board of the Internets key oversight body has approved an agreement, which VeriSign Inc. must meet certain conditions in order to raise fees. " Com "domain names.

VeriSign cooperation, which is based in Mountain View, Calif., operates the servers constitute the core of the Internet, the address book. " Com "web site, we can ensure that the site search. The companys sales. " Com "addresses for the officials to 6 yuan per person, and then sold to the public.

Under the deal approved Tuesday by the Internet Corporation of Assigned Names and Numbers, or domain names, VeriSign would be allowed to raise its annual fee for domain names, domain name registration, and then passed on to customers.

Transaction limit VeriSigns annual price increases to 7%, four in the next six years. In two years, VeriSign will raise fees by the same percentage only in response to security threats, or to comply with an ICANN mandate.

The deal has faced opposition from a number of registered institutions, they have complained about price increases and the fact that like previous contracts, it gives VeriSign the first right to renew the contract with ICANN when it expires.

The ICANN board divided on the issue, voting approval from September to May, with one abstention. Statements by members of the Board also unclear.

VeriSign said it is "very pleased" with ICANNs approval, and noted that it was similar to the agreement reached over the last year. " Net "domain name, the company also manages.

. " Com "agreement still needs to be approved by the United States Department of Commerce.

In morning trading, the company on the Nasdaq Stock Market, which VeriSign Inc. rose 13 cents to 23.79 US dollars.

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