Tuvalu Wants Internet Riches

“The Pacific island hoped the sale of its ‘.tv’ suffix to websites would boost its troubled economy. Now it says it is being deprived of millions in royalties.” The Independent reports. “The tiny South Pacific island state of Tuvalu, where the average income is little more than £12 a week, has taken on one of the giants of cyberspace by demanding a greater share of the lucrative earnings generated by its unique domain name suffix. When Tuvalu was awarded ‘.tv’ by the International Organisation for Standardisation in 1999, global internet providers queued up to do business with the former British protectorate, which used to be part of the Gilbert and Ellice Islands.”