GoDaddy.com Opposes Proposed ICANN-VeriSign Agreement

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GoDaddy.com, an ICANN accredited registrar, today voiced its strong disapproval of a pending agreement between the Internet Corporation for Assigned Names and Numbers (ICANN) and VeriSign.

The proposed ICANN-VeriSign settlement agreement would allow VeriSign to raise registration fees by 7% annually in four of the next six years. It also would give VeriSign control of the .com registry indefinitely, as it extends VeriSign's 'presumptive renewal' right when this proposed settlement agreement ends in 2012.

Go Daddy says that industry research verifies that costs involved in the technology critical to the domain name registration infrastructure are continually decreasing. Additionally, server, bandwidth and storage costs have declined and these downward trends do not appear to be slowing.

"Under no circumstances should VeriSign be allowed to raise .com prices without cost-based justification," said Bob Parsons, CEO and Founder of GoDa -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --