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VeriSign, the internet services company has announced that the cost of registering internet domain names ending in .com and .net is set to rise, the first of many such announcements expected this year. The company, which deals with the domain registering for a large number of ISPs worldwide, as well as many large enterprises, plans to increase registry fees for .com and .net domain names to $6.86 (£3.43) and $4.23 (£2.12), up from its previous prices of $6.42 (£3.21) and $3.85 (£1.93).

The increases, which are expected to be mirrored by almost all domain registrars globally between now and the end of the year, come after the agreement of a new registration and charging deal with the Internet Corporation for Assigned Names and Numbers (ICANN), the body responsible for registering top level .com and .net domains.

Prices are said to come into effect from 1 October 2008.

Source: zdnet.com