New Deal Allows Price Increase For Wholesale Domain Names

Law360 (November 2, 2018, 9:44 PM EDT) -- The National Telecommunications and Information Administration has reached a renewed and updated agreement with VeriSign, the wholesale administrator of .com web domains, that includes allowing a price increase for wholesale domain registrations.

The new deal is in line with policy priorities of the Trump administration.

The contract renewal through 2024 allows VeriSign to raise its prices as much as 7 percent for annual registrations. The amendment, announced by NTIA on Thursday, cites a rise in both country-specific and generic domains as well as the popularity of social media as factors supporting the hike.

The change "repeals Obama-era price controls and provides...

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