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VeriSign Tapped to Manage .net Domain

By Nate Mook | Published June 9, 2005, 1:40 PM

The Internet Corporation for Assigned Names and Numbers (ICANN) has chosen VeriSign to oversee the .net top level domain, a move largely expected following a third party recommendation. VeriSign retains control of the domain that it has managed since 2000 alongside .com, and has promised to lower .net prices.

VeriSign currently receives $6 annually for each domain, but said it would drop that fee to $4.25; 75 cents goes directly to ICANN. Telcordia, which was tapped by ICANN to review four .net bidders, chose VeriSign in March, sparking claims of favoritism. A revised May report from Telcordia also selected VeriSign as the top candidate, however, leading to final ICANN's selection.

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jofin
Jun 13, 2005 - 9:25 AM

I wouldn't let verisign run a Sunday school picnic. Why do they get 6 dollars a year from each .com domain. Seems like a nice earner to me. They say they will reduce the fee - big deal - they will be making a fortune from .net domains now, as well.
Exactly what will they be doing to earn this fortune???????????

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