Team Internet CEO on Colombia milestone deal & growth

Team Internet Group PLC CEO Michael Riedl talked with Proactive's Stephen Gunnion about a significant new contract and the ongoing growth in the company’s domains business. He highlighted that Team Internet secured a ten-year deal to operate Colombia’s .co domain, marking the first time a major government-operated domain has selected the company’s services. Riedl explained that since Team Internet’s IPO in 2013, the domain industry has grown from 250 million to 370 million domain names, averaging 10 million new domains per year. Key drivers of this growth include the rise of new top-level domains such as .xyz and .online, and repurposed country code domains like .ai (Anguilla), .io (British Indian Ocean Territories), and .co (Colombia). Nearly half of the new top-level domains created each year are operated on Team Internet’s systems. Discussing the Colombia deal, Riedl stated, "It is for the first time that a major government-operated public domain or government-owned public domain is actually choosing our services." He noted that Team Internet and its partner CCI retain an 8% revenue share from Colombia’s approximately three million .co domain names, typically sold at $24 each. Looking ahead, Riedl said Team Internet is exploring other national domain opportunities such as .eu and .au, and is optimistic about winning future contracts. He also pointed to the upcoming ICANN new generic top-level domain round in 2026 as a major growth catalyst, suggesting the company's business in this area could potentially double. For more interviews and updates, visit Proactive's YouTube channel. Don’t forget to like this video, subscribe to the channel, and enable notifications to stay updated with future content. #TeamInternet #DomainBusiness #Colombia #MichaelRiedl #TLD #ICANN2026 #DomainGrowth #TechnologyNews #COdomain #InvestorUpdates #Proactive