Welcome to LoudounTimes.com
Loudoun Times-Mirror

Neustar acquires rights to Colombian Internet domain

Neustar has acquired the rights to .co domain.
Neustar, a Sterling-based telecommunications and Internet services company, has announced it will buy Bogota, Colombia-based .CO Internet S.A.S., which controls the Colombian domain address .co for $109 million, according to a Form 8-K filed with the Securities and Exchanges commission.

More than 1.5 million websites currently use the .co domain, according to the .CO Internet company website.

NASDAQ.com reported the company had $21 million in annual revenue in 2013.

The .co domain became popular as a logical addition to branding and shortening links.

Twitter uses its t.co domain to shorten links for sharing, while some other companies like Amazon and Google also snapped up coveted one-letter .co domains.

Neustar is currently in competition with rival telecommunications company Ericsson to win a $450 million government contract to allow cellphone users to switch service providers, but keep their phone number.

Neustar hopes to diversify its revenue stream should it lose the lucrative contract.

Comments

Be the first to post a comment!


More News

Email UPDATES
Tuesdays:  
Thursdays:
Leesburg WEATHER
Today Tomorrow

Sunny

Thundery outbreaks in nearby
Hi 92° Hi 91°
Lo 67° Lo 66°
More Weather
As Seen IN PRINT
The Loudoun Times-Mirror

is an interactive, digital replica
of the printed newspaper.
Open the e-edition now.