REG - Team Internet Group - 10-year contract to operate Colombia’s .co domain

Team InternetAnnouncement

12/06/2025 07:00

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RNS Number : 4896M  Team Internet Group PLC  12 June 2025

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FOR IMMEDIATE RELEASE

 

12 June 2025

 Team Internet Group plc

("Team Internet" or the "Company" or the "Group")

 

Team Internet-led joint venture awarded 10-year contract to operate Colombia's
.co domain

Team Internet Group Plc (AIM: TIG, OTCQX: TIGXF), the global internet company
that generates recurring revenue from creating meaningful and successful
connections: businesses to domains, brands to consumers, publishers to
advertisers, is pleased to announce that Colombia's Ministry of Information
and Communications Technology ("MINTIC") has awarded Team Internet, in
partnership with Colombian domain registrar CCI REG, a 10-year contract to
manage and operate Colombia's country code top-level domain, .co.

The mandate will be executed by Equipo PuntoCo, a newly formed joint venture
between Team Internet and CCI REG. Under the terms of the agreement, Equipo
PuntoCo will retain 8% of gross revenues from .co domain registrations and
renewals as compensation for its registry services. With more than 3 million
active registrations, .co is one of the world's most prominent and trusted
country-code domain extensions. While rooted in Colombia, .co has earned a
global reputation as the domain of choice for startups, creators, and
enterprises seeking a short, brandable, and credible online identity. Its
continued success reflects both domestic and international adoption, making it
a digital asset of national and global significance.

CEO Comment

Michael Riedl, CEO of Team Internet, commented:

" Winning the .co mandate is a milestone moment for Team Internet. It
strengthens our position as a global leader in domain infrastructure and
affirms our capability to manage nationally critical internet assets with
trust, stability, and innovation. Together with our joint venture partner CCI
REG, we are honoured to be entrusted with this responsibility by the Colombian
government on behalf of the people of Colombia. We are deeply grateful for
their trust and excited to support the digital ambitions of millions of .co
users in Colombia and around the world."

 

Enquiries

For further information, please contact:

 

Team Internet Group
plc
                +44 (0) 203 388 0600

Michael Riedl, Chief Executive Officer

William Green, Chief Financial Officer

 

Zeus Capital Limited (NOMAD and Joint Broker)

Nick Cowles / James Edis (Investment Banking)
 
                +44 (0) 161 831 1512

Dominic King (Corporate Broking)
 
+44 (0) 203 829 5000

 

Berenberg (Joint
Broker)
+44 (0) 203 207 7800

Mark Whitmore / Richard Andrews

 

SEC Newgate (for
media)
+44 (0) 203 757 6880

Bob Huxford / Tom Carnegie / Harry
Handyside
teaminternet@secnewgate.co.uk

 

About Team Internet Group plc

Team Internet (AIM: TIG, OTCQX: TIGXF) creates meaningful and successful
connections from businesses to domains, brands to consumers, publishers to
advertisers, enabling everyone to realise their digital ambitions. The Company
is a leading global internet solutions company that operates in two highly
attractive markets: domain name management, identity and software solutions
(DIS segment) and high-growth digital advertising (Comparison and Search
segments). The DIS segment is a critical constituent of the global online
presence and productivity tool ecosystem, where the Company serves as the
primary distribution channel for a wide range of digital products. The
Company's Comparison and Search segments create privacy-safe and AI-generated
online consumer journeys that convert general interest online media users into
confident high conviction consumers through advertorial and review websites.
The Company's high-quality earnings come from subscription recurring revenues
in the DIS segment and revenue share on rolling utility-style contracts in the
Comparison and Search segments.

 

For more information please visit: www.teaminternet.com
(http://www.teaminternet.com)

 

 

 

 

 

 

 

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