According to foreign media reports, VeriSign, a digital authentication service provider, announced on Thursday that it plans to raise funds for internet infrastructure upgrades starting in October this year. com and.. net domain name registration fee.
VeriSign is the official registration and management institution for. com,. Net, and. TV domain names. VeriSign said that it had reached an agreement with "Internet name and number assignment agency (ICANN)" on raising registration fees in March 2006. From January 1, October 15 this year, the wholesale price of. com domain names will increase from $6 to $6.42, or 7%. The wholesale price of. Net domain names will increase from $3.50 to $3.85, or 10%.
The six-year term agreement between VeriSign and ICANN last year stipulates that VeriSign will. the annual price increase of com domain name registration fee cannot exceed 7%, but the price can be raised due to security or ICANN policy changes. VeriSign said that the price increase has different actual effects on domain name holders. VeriSign charges this fee to the domain name registrar (registrar). While the registrar provides domain name registration services to enterprise users or consumers, it may also provide website services and other services.
After each registrar pays the basic registration fee to VeriSign, different service prices may be applied to enterprise users or consumers. VeriSign said last month that as of the end of 2006, the number of. com and. Net domain names was 65 million, with an average of 2.1 million new domain names per month. After VeriSign increases the registration fee, it will earn at least $22.7 million in revenue. The company said in February this year that, in order to prevent a new round of computer attacks and improve management efficiency, it will invest $0.1 billion in infrastructure upgrades in the next three years. After the Titan project is completed, the VeriSign system bandwidth will be increased from 20 Gb per second to more than GB per second.
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