A draft proposal between the Internet Corporation for Assigned Names and Numbers (ICANN) and VeriSign, Inc. that would give VeriSign exclusive control over the .com domain, is being vigorously opposed by a group of notable domain registrars led by 1&1 Internet, who claim the plan harms competition within the Internet industry and could negatively impact end-users worldwide.
1&1, along with almost all major domain registrars, has expressed disapproval at the content of the proposed agreement, which, among other things, would allow VeriSign to arbitrarily increase domain fees up to 7% per year, and the manner in which it was drafted. Additionally, the registrars' concern is that VeriSign can implement the price hikes without justification and web hosts and registrars would be forced to pass on the fee increases to individual domain registrants.
"The current draft of the agreement practically assigns .com to VeriSign forever," said 1&1
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ICANN and VeriSign Proposal Faces Stiff Opposition
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