Mexico fines AT&T and Warner Bros. Discovery for failing to disclose concentration

MEXICO CITY (Reuters) – Mexico’s Federal Economic Competition Commission (COFECE) said on Thursday it fined AT&T and Warner Bros. Discovery for failing to disclose a concentration related to the separation of Warnermedia’s business in Mexico.

The entity said in a statement the fine totals more than 51 million pesos ($2.5 million).

($1=19.9600 Mexican pesos)

(Reporting by Valentine Hilaire and Adriana Barrera)