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It wants to cede control and oversight to a body made up of companies and government representatives instead.
A new survey suggests that over one in four London businesses will register for a .london domain name when they become available.
Google's plan to own new domains like .map and .search is facing stiff opposition from a tech-led pressure group.
Amazon is currently bidding for the rights to the internet domain .book but its plans are coming under fire from authors' groups.
The way the internet is run internationally is coming up for review and the US is keen to keep control on US soil.