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Wednesday, February 15, 2006
Registrars Rise in Opposition to .com Price Hike
A letter has been sent to ICANN's Vint Cerf by a coalition of registrars opposed to the proposed ICANN-VeriSign settlement agreement. The open letter signed by GoDaddy, Network Solutions, Tucows, Melbourne IT, Register.com, Schlund+Partner AG, Intercosmos Media Group and BulkRegister points to two damaging provisions in the agreement under consideration:
1. Pricing: The proposed revisions provide VeriSign with the unprecedented capability to increase prices by seven percent annually in four of the next six years without cost justification
2. Perpetual Management Rights: The proposed revisions would modify the renewal clauses so that the contract is essentially non-cancellable and ICANN's right to rebid is taken away.