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ICANN gives Verisign’s .com contract the nod

Kevin Murphy, June 25, 2012, 05:43:18 (UTC), Domain Registries

ICANN’s board of directors has approved Verisign’s .com registry agreement for another six years.

In a closed meeting on Saturday, the results of which have just been published, the board decided against making any of the changes that had been suggested by the community.

There had been a small uproar over the fact that Verisign will retain the right to increase its .com registry fee by 7% in four out of the next seven years.

The new contract also rejiggers the fees Verisign pays ICANN to bring them more into line with other registry agreements. As a result, ICANN will net millions more in revenue.

Other parties had also asked for improved rights protection, such as a mandatory Uniform Rapid Suspension system, and for the current restrictions on single-character domain names to be lifted.

But the board decided that “no revisions to the proposed .COM renewal Registry Agreement are necessitated after taking into account the thoughtful and carefully considered comments received.”

The agreement will now be forward to the US government for approval. Unlike most registry contracts, the Department of Commerce has the right to review the .com deal.

The current contract expires November 30.

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