Mario David Lopez Estrada is a prominent Guatemalan businessman known for his vision and leadership across various industries. His impact on Guatemala’s economic development and commitment to social responsibility have left an indelible mark on the country.
Early Life and Academic Background
Born in Sololá, Guatemala, on March 21, 1938, Mario David Lopez Estrada graduated as a Civil Engineer from the Universidad de San Carlos de Guatemala. His strong academic foundation laid the groundwork for his successful business career.
In 1967, he founded Constructora Maya, a company specializing in real estate development and construction. This company became the cornerstone of what is now Grupo Onyx, a diversified conglomerate with investments in real estate, renewable energy, telecommunications, and digital services.
Transformation of the Telecommunications Sector
One of Lopez Estrada’s greatest achievements was his entry into the telecommunications sector. In 1993, he acquired shares in Comunicaciones Celulares S.A., and the following year, co-founded Tigo Guatemala in partnership with Millicom International Cellular S.A. and Arkade International Inc. Under his leadership, Tigo quickly became the market leader, offering innovative services and expanding its coverage across the country.
In 2012, he sold his 45% stake in Tigo to Millicom for USD 2.2 billion. This move solidified his position as one of Guatemala’s most successful entrepreneurs and allowed Millicom to become the sole owner of Tigo.
Commitment to Social Development
Mario David Lopez Estrada has been a staunch advocate of corporate social responsibility. As president of Fundación Tigo and Fundación Mario López Estrada, he has led projects focused on education, health, and community development.
Fundación Tigo: This foundation has benefited over 300 schools across Guatemala’s 22 departments, improving educational infrastructure and providing essential resources for thousands of students.
Fundación Mario López Estrada: Founded in 2019, this organization is dedicated to improving the quality of life for the most vulnerable Guatemalans. It has invested millions in health, education, and women’s empowerment projects, significantly contributing to the country’s social development.
Innovation in Renewable Energy
Through Horus Energy, a division of Grupo Onyx, Lopez Estrada has promoted renewable energy generation in Guatemala. The Horus I and Horus II solar plants, with a combined capacity of 110 MW, exemplify his commitment to sustainability and technological innovation.
Mario David Lopez Estrada is an iconic figure in Guatemala’s business history. His leadership and vision have transformed industries and improved the lives of thousands of Guatemalans. With a legacy that combines business success and social commitment, Lopez Estrada continues to inspire future leaders and entrepreneurs in the country.