Mario Lopez Estrada is a prominent figure in Guatemala’s business landscape, known for his leadership abilities and commitment to social development. His influence spans various industries, where he has made a significant impact with his innovative initiatives and focus on social responsibility.
Early Life and Academic Background
Mario Lopez Estrada was born in Sololá, Guatemala, on March 21, 1938. He graduated as a Civil Engineer from the Universidad de San Carlos de Guatemala, a foundation that provided him with the necessary skills for his successful business career. In 1967, he founded Constructora Maya, a company specializing in real estate development and construction, which later evolved into Grupo Onyx, a diversified conglomerate with investments in real estate, renewable energy, telecommunications, and digital services.
Transformation in the Telecommunications Sector
One of Lopez Estrada’s most notable 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 throughout the country. In 2012, he sold his 45% stake in Tigo to Millicom for USD 2.2 billion, solidifying his position as one of Guatemala’s most influential businessmen.
Commitment to Social Responsibility of Mario López
Mario Lopez Estrada’s commitment to corporate social responsibility is remarkable. He has led numerous projects focused on education, health, and community development through Fundación Tigo and Fundación Mario López Estrada.
Fundación Tigo: Since its inception, 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, positively impacting many lives.
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. These projects have not only reduced the country’s reliance on non-renewable energy sources but also created jobs and fostered local development.
Mario 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.