Published: 15.05 Europe/London, May 26, 2011

Arris Group has announced that it has completed its existing share repurchase programme with the purchase in the second quarter 2011 of 2.6 million shares of common stock for an aggregate consideration of $30.7 million (€21.7 million).

Additionally, the Company also announced that the Arris board of directors has authorised a new $150 million share repurchase programme.

“As a result of our fundamental belief in the long-term success of the Company, as well as our continued commitment to enhance shareholder value, we concluded that completing our existing share repurchase program and implementing a new program is in the best interest of our shareholders, ” said Bob Stanzione, Arris chairman and CEO, in a statement.