Neustar (NSR) is suing the FCC over the loss of the Local Number Portability contract which it held for 18 years. Neustar which has watched the price of its stock drop close to 50% from August 2, 2013 when the shares were at $55.71, initiated a $150 million share buyback once the contract loss was official.
Local Number portability refers to the ability of a “customer of record” of an existing fixed-line or mobile telephone number assigned by a local exchange carrier (LEC) to reassign the number to another carrier (“Service Provider Portability”), move it to another location (“Geographic Portability”), or change the type of service (“Service Portability”).
The contract at close to $450 million, represented nearly half of 2014 revenues for Neustar.
Neustar purchased .CO Internet S.A.S. last year for $109 million.
Here is a look at everything Neustar does in the domain space:
| Top Level Domains | What It Is | Neustar Services |
|---|---|---|
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The Web address for entrepreneurs and growing businesses. | End-to-end management of the global registry. |
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The official country code TLD of the United States, helping U.S.-based businesses kick-start America. Learn More | .US Whois Information |
End-to-end management on behalf of the U.S. Department of Commerce. |
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The global Web address where great ideas grow online. Learn More |
End-to-end management of the global registry. |
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The official web address for New York City. New York City’s Top Level Domain (TLD) identifies you as a NYC business, organization, resident based in the City. Learn More |
End-to-end management of the registry. |
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The official country code TLD of China, offers an established brand name in the one of the world’s most lucrative markets. Learn More | .cn Whois Information |
Registry gateway: EPP connectivity to the .cn SRS for non-Chinese registrars, plus customer support, billing and reporting. |
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The official country code TLD of Taiwan, helps businesses access a dynamic market via a widely accepted name. Learn More | .tw Whois Information |
Registry gateway: EPP connectivity to the .tw SRS for non-Taiwanese registrars, plus customer support, billing and reporting. |
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The official online community of the travel and tourism industry. Learn More | .travel Whois Information |
Technical services and back-end management. |
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Unique TLD allowing businesses and individuals to update contact info from any Web-enabled device. Learn More |
Technical services and back-end management. |
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Allows anyone to get a .com address that may already be taken, just by adding the .4u prefix. Learn More | 4u Whois Information |
Technical services and back-end management. |
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Using XRI infrastructure, offers safe, lifetime addresses for people and businesses. | Technical services and back-end management. |
BizJournals.com covered the FCC suit, from the article:
NeuStar Inc. is suing the Federal Communications Commission over the agency’s recent recommendation to award a major contract for local number portability to rival Telcordia Technologies Inc., according to a filing made with the U.S. Court of Appeals for D.C.
The FCC made its recommendation in a March 27 order, giving North American Portability Management LLC, a telecommunications industry consortium, the authority to begin negotiating a new contract with Telcordia.
NeuStar (NYSE: NSR) has asked that the court rescind the FCC’s order on the grounds that it is “unlawful.”
Read the full article on BizJournals.com
