The government of Tuvalu has voiced its displeasure at the return it has received from handing over the operation of the .TV ccTLD to VeriSign.
Tuvalu received about US$2 million a year from VeriSign for use of the ccTLD, however the countryâs finance minister believes this is a poor return.
âWe are negotiating but we are tied because of the agreement that was signed before us. We cannot negotiate for an increase until 2016,â Tuvaluâs Finance Minister, Lotoala Metia, told Radio New Zealand International.
âCounter offers have been made but they are not acceptable to the government of the day. So we have to stick to our guns now. Theyâre giving us peanuts.â
Going by reports from Radio New Zealand International and Radio Australia, the Tuvaluan government will be fielding other options for the operation of the .TV ccTLD when the current contract with VeriSign expires in 2016.