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RESTON, VA -- (Marketwire) -- 11/30/12 -- VeriSign, Inc.
, the trusted provider of Internet infrastructure services for
the networked world, today announced the U.S. Department of Commerce
approved the renewal of Verisign's agreement with the Internet
Corporation for Assigned Names and Numbers (ICANN) to serve as the
authoritative registry operator for the .com registry (the "2012 .com
Registry Agreement") for the term commencing on Dec. 1, 2012 through
Nov. 30, 2018 with certain new terms and conditions. The Commerce
Department determined the 2012 .com Registry Agreement is in the
public interest under Amendment 30 of the Cooperative Agreement
between the Commerce Department and Verisign. Verisign also announced
the execution of the 2012 .com Registry Agreement by both ICANN and
Verisign.
The Commerce Department's approval of the 2012 .com Registry Agreement contains important new terms and conditions. First,
Verisign's current pricing of $7.85 per domain name registration will
continue for the six-year term of the Agreement. Second, Verisign no
longer has the right to four price increases of up to seven percent
over the six-year term.
Price increases are limited to circumstances
based on the imposition of new Consensus Policy or extraordinary
expenses related to security or stability threats, and now require
Commerce Department prior approval. Finally, pricing restrictions may
be removed entirely if Verisign demonstrates to the Commerce
Department's satisfaction that market conditions no longer warrant
such restrictions.
Verisign continues to operate the .com registry with unsurpassed
security and reliability. With continued innovation and investments
in its infrastructure, Verisign has been able to meet the performance
and scalability demands of .com. The company has and continues to
implement critical technical enhancements for .com, such as IPv6 and
DNSSEC support, to ensure the integrity and availability of the
Internet Domain Name System (DNS).
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