04 December 2006

ICANN - Deal signed on .com domain future

The US government has given its blessing to a controversial deal over the future of the lucrative .com net domain. The deal gives .com administrator Verisign control over the domain until 2012. The US Department of Commerce retains some oversight of Verisign and has final approval of any price rises to renew .com net addresses. Critics said the deal gave Verisign a monopoly hold on the iconic domain.