Yesterday ICANN approved the revised ICANN-VeriSign agreement dotcom contract that will, for example, give VeriSign the power to raise .COM domain registration fees by 7% in four of the next six years, fees that registrars will pass on to consumers. ICANN's Board voted nine to five in favor of the settlement agreements with one director abstaining.

A group of registrars, representing nearly 60% of all .COM registrations, recently signed an open letter to the board of ICANN (see previous post) stating their opposition to the contract. Besides the raising fees, there are other terms of the contract that those registrars don't like, you can read more about the reasons in Bob Parson's (GoDaddy.com CEO) Blog.