TELECOM Digest OnLine - Sorted: Last Laugh! Unpaid Fee Loses Debt Group's Web Site

Last Laugh! Unpaid Fee Loses Debt Group's Web Site

Reuters News Wire (
Wed, 24 Jan 2007 15:16:20 -0600

An association of debt management offices, who together manage
billions of dollars of government debt, has had its Web site closed
after it failed to pay the $35-a-year fee to keep the Web address

The World Association of Debt Management Offices (Wadmo), a forum for
treasury officials from more than 40 developing countries, ran the Web site, but the domain name expired on January 15.

Cecilia Mendoza, of the Wadmo secretariat in the Philippines Treasury,
said Wadmo planned to renew the address but had been held up because it
was cutting ties with the UN's UNCTAD agency, and transferring the
body's duties to different officials.

"It's because we couldn't even withdraw money, because the (new)
signatories are not yet authorized," Mendoza told Reuters by telephone
from Manila. The day -- or instant -- the address became available,
some cybersquatters moved in and took it over.

Domain Bank, the domain name registrar, charges just $35 a year to
register a ".net" internet address, or $250 a decade.

Wadmo's members span Africa, Asia, the Middle East, Eastern Europe and
South America, and include state debt management offices in Russia,
Nigeria, Indonesia, and Romania, according to a cached version of
Wadmo's Web site.

Copyright 2007 Reuters Limited.

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