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TelNic received a ten-year contract with [[ICANN]]; the fee paid by Telnic to [[ICANN]] will be measured by the number of .tel registrations and on the wholesale registration price. <ref>[http://www.pcworld.com/article/125715/new_tel_domain_is_approved.html Pc World]</ref>  
 
TelNic received a ten-year contract with [[ICANN]]; the fee paid by Telnic to [[ICANN]] will be measured by the number of .tel registrations and on the wholesale registration price. <ref>[http://www.pcworld.com/article/125715/new_tel_domain_is_approved.html Pc World]</ref>  
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According to [[Justin Hayward]], Telnic's communications director, by that time the startup has spent about $15 million on the years of engineering needed to perfect the technology.<ref>[http://www.businessweek.com/globalbiz/content/oct2008/gb20081022_946906.htm Bloomber Business Week]</ref> He also commented that "It is a bit like an interactive business card on the Web that you can change and give to anyone so they can reach you.". The service was set to go live in December, 2008.
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According to [[Justin Hayward]], Telnic's communications director, by that time the startup has spent about $15 million on the years of engineering needed to perfect the technology.<ref>[http://www.businessweek.com/globalbiz/content/oct2008/gb20081022_946906.htm Bloomber Business Week]</ref> He also commented that "It is a bit like an interactive business card on the Web that you can change and give to anyone so they can reach you.".
    
==TelNic to go 'Live' ==
 
==TelNic to go 'Live' ==