Altice co-founder Armando Pereira has been detained following a search of his home in Vieira do Minho, Braga.

The investigation – which involves suspicions of corruption, tax fraud, and money laundering – also resulted in the arrest of two other individuals.

Authorities conducted searches at various locations, including the former headquarters of Portugal Telecom (PT) – which became Altice Portugal in 2018 – in Lisbon, as well as the residence of Hernâni Vaz...