In order to prevent speculative and abusive registration of domain names (domain-grabbing), general ground rules and procedures have been developed for the registration process. Holders of prior rights are protected by means of preferential treatment in the initial phases of the registration system.
The telecommunications industry is playing an increasingly crucial role in economic and social development. The availability of a good and affordable telecommunications infrastructure and, associated with this, a widening range of telecommunications services and applications at internationally competitive prices are decisive corporate location factors.