Item 2.02. Results of Operations and Financial Condition.

On November 6, 2008, Arbinet-thexchange, Inc. (the "Company") issued a press release to report the Company's financial results for the quarter ended September 30, 2008. The full text of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Pursuant to General Instructions B.2 of Form 8-K, this information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01. Other Events.

On November 4, 2008, the Board of Directors of the Company authorized the repurchase of up to $5 million of the Company's common stock (the "Repurchase Plan"). Stock repurchases will be made from time to time through the open market. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The Repurchase Plan may be suspended or terminated at any time without prior notice, and has no expiration date.

Also on November 6, 2008, the Company issued a press release announcing the Repurchase Plan, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

99.1 Press Release of Arbinet-thexchange, Inc. dated November 6, 2008.*

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* Filed herewith

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