11/11/2009

Responding to today's announcement by the Competition Commission, a Stagecoach spokesman said: "We fundamentally disagree with the Competition Commission's decision. It is a perverse and irrational contradiction of competition law and common sense.

"The Commission decision is to restore a failed monopoly provider of local bus services and reverse the results of legitimate competition, which it is supposed to uphold. This decision risks setting a dangerous precedent for all sectors of the economy.

"What bus passengers, employees and local authorities want is a stable, comprehensive network of services and tickets, which Stagecoach has sought to provide. The Commission decision will ensure a further period of instability and uncertainty against the public interest. We shall consider the decision in detail before deciding on our next course of action."

ENDS

For further information contact:
Stagecoach Group communications on 01738 442111 or email media@stagecoachgroup.com