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ICANN receives $650,000 loan from MCI and Cisco

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21 Aug 1999

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The Internet Corporation for Assigned Names and Numbers (ICANN) has received a cash injection of $650,000 from MCI Worldcom and Cisco.

The organisation, which oversees the Internet domain names system, said the loan will add to the $2 million it hopes to secure until permanent funding is put in place later this year.

ICANN is responsible for the allocation of IP address spaces, the assignment of protocol parameters and the management of the Internet's root server system.

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