VeriSign has announced that prices to register names under .com and .net domains will increase as soon as next year.
VeriSign Inc. the leading company behind web infrastructure services and registration of domain names has announced that the increased prices for registering all .com and .net names will come in to effect from January 15th 2012.
The domain registrar has signed a contract with ICANN to increase prices for .com domain by 7% over the duration of four years. The contract was signed between the two in 2006. Also, VeriSign has renewed its contract with ICANN for maintaining .net registration in June this year and has a right to increase the cost by 10% over a period of next six years.
According to the announcement made, prices for .com registrations are set to increase from $7.34 to $7.85 while price for every .net registration will increase from $4.65 to $5.11, reports The Register.
“Continued strong global Internet usage growth, along with increasingly powerful distributed denial of service (DDoS) attacks levelled against all parts of the Internet's critical infrastructure, have dramatically increased the demands on Internet infrastructure providers such as VeriSign.” the company stated in a press release.
The new prices may not affect the common folk, but those registering domains in bulk can see their infrastructure cost going high.