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pounds 30m deal firm cashes in on .tv.

AN internet company is set to rake in a fortune after snapping up the rights to ".tv" in a pounds 30.8million deal with the tiny nation of Tuvalu.

The internet country code was given to the penniless Pacific nation of nine atolls between Australia and Hawaii which has only 10,600 inhabitants.

Canadian web firm DotTV won a bidding war between companies who realised its potential and now intends to cash in by selling the rights to web sites.

The record price for an internet address - about pounds 4.6million - was paid last year for www.business.com.

DotTV chief Lou Kerner said: "When you marry dot with tv you become something very meaningful on the net.

"It's the most recognisable two-letter symbol on the planet."

Kerner said ".com" addresses were now cluttered, making it impossible to find desirable names.
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Publication:Sunday Mail (Glasgow, Scotland)
Date:Apr 9, 2000
Words:141
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