Yesterday, on June 21st, the landrush for the Colombian extension (.co domain) has started. This landrush will end on July 13th. During this landrush, everyone who wishes to do so, can register a domain name under the .co extension. All applications will be treated by the registry. If, on July 13th, there are several applications for 1 domain name, this domain name will be sold during an auction. Only the people who filed an application for this domain name can participate in the auction.
The Colombian already mentioned that the .co domain name is very wanted by cybersquatters since it can easily be confused with the .com extension, it only differs one letter. So don’t wait too long to pre-register the domain name of you want.