12th Jun 2025 07:00
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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 [email protected]
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
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