VeriSign (VRSN) Announces Increased Rates for .com/.net Domain Name Registration

December 18, 2009 12:06 PM EST

VeriSign, Inc. (NASDAQ: VRSN) today announced, effective July 1, 2010, an increase in registry domain name fees for .com and .net, per its agreements with ICANN.

VeriSign announced that as of July 1, 2010, the registry fee for .com domain names will increase from $6.86 to $7.34 and that the registry fee for .net domain names will increase, from $4.23 to $4.65.

As the economy and society becomes increasingly dependent on digital technology, it is imperative that investment in the underlying infrastructure, including .com and .net, continue to keep pace with the robust growth of the Internet and ensure its continued security and reliability. Over the last decade, the volume of Internet traffic and domain name system (DNS) queries on VeriSign's global infrastructure has increased from an average of approximately 2 billion queries per day in the year 2000 to more than 50 billion queries per day today while maintaining 100 percent operational accuracy and stability for the last eleven years.


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