Verisign Registry to Increase COM & NET fees in July 2010

Verisign (VRSN) just sent an announcement to their Registrar list saying that they will increase the registration and renewal fees for COM & NET domains as of July 1st, 2010. The registration, renewal and transfer fee for .COM domains will then be increased from $6.86 to $7.34 and the .NET annual fees will be increased from $4.23 to $4.65. Verisign had not increased their prices in 2009. According to a settlement in for lawsuit between Verisign and ICANN in 2006, the company is allowed to increase their prices on an annual basis with increases of up to 7% per year for .COM.

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