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VeriSign Will Operate .net Registry for 6 More Years
Contributed by: SHA, at 6/13/2005 02:26:00 PM.

The Internet Corporation for Assigned Names and Numbers (ICANN) gave VeriSign the green light to control Internet addresses that end in .net for six more years.
VeriSign, the leading manager of Internet domain names will continue controlling .net domains for another six years after beating out four other applicants for the registry. Afilias, Denic, Sentan Registry Services, and CORE++ were in competition for the contract to manage the .net domain.
ICANN initially gave the company a tentative approval last March for VeriSign's continued operation of .net domains, so the official decision doesnt come as a surprise. It is estimated that the operation of the registry brings VeriSign $20 million in revenue annually.
VeriSign's current contract will run out on June 30. The new agreement will take place in July and give the company operation for the next six years. The domain name company is planning on dropping costs for the domain too. Currently, it costs $6 a year for a .net domain name. VeriSign will begin charging only $4.25 in the future.

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