Colombia’s Ministry of Information Technology and Communications (MinTIC) today held a hearing to award the tender MTIC-LP-01-2019, granting the execution of the operation contract for the Colombian Internet Domain Registry (ccTLD. CO) to the company .CO Internet SAS.

.CO Internet S.A.S is the company that since 2010 has been responsible for the promotion, administration and technical management of the ccTLD .CO domain. During the previous contract term, it was purchased by Neustar, Inc. (NYSE: NSR), a North American technology company that currently manages or provides registry services for .US, .BIZ, AU .NYC domains, among others. Additionally, Neustar operates one of the largest DNS server networks in the world, through which approximately 20% of total Internet traffic passes.

Through this new contract, the percentage that the Colombian government will receive for the administration of the domain will be 81%, a value much higher than that received in the previous concession model, which was between 6 and 7%.

.CO Internet S.A.S will operate the domain registration for the next 5 years after completing the transition process to a new operating model. In the future, MinTIC will be in charge of its administration through a group dedicated to internet governance with technical personnel with knowledge and ability to manage and administer the domain.

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Loren Moss is the founder and publisher of Finance Colombia. He has over 20 years of international business experience, including over a decade of experience in securities, insurance, and commercial real estate, at the institutional and international level.