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VeriSign Growing Revenues and Domain Name Base

Jan 29, 2012, 06:00 (0 Talkback[s])

"A key focus for VeriSign in 2012 is getting their agreement with ICANN and the U.S. Department of Commerce renewed. VeriSign last renewed its deal with ICANN to operate the .com registry in 2006. VeriSign has administered the .com domain name space on behalf of ICANN since 2001.

Bidzos explained that there's a new ICANN policy that became effective January 1, 2012, in which their public comment periods have changed from a single 30-day comment period to 2 comment periods of 21 days each. In terms of the process the next event in the renewal is a presentation of that agreement for comment, then after that follows a formal approval by ICANN's Board of Directors. After that, the .com TLD renewal also needs to be approved by the U.S. Department of Commerce.

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