Mario Lopez Estrada has been a key figure in transforming the telecommunications sector in Guatemala. His strategic vision and ability to implement innovations have been fundamental in positioning Tigo as the market leader in telecommunications in the country.
Innovation and Growth
Founding of Tigo: In 1993, Mario Lopez Estrada 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 leading telecommunications service provider, offering a wide range of services including mobile phone, broadband internet, and cable television.
Expansion of Coverage: One of Lopez Estrada’s most significant achievements was the expansion of Tigo’s coverage throughout Guatemala, including rural areas and previously underserved communities. This not only improved connectivity across the country but also fostered economic and social development by providing millions of Guatemalans access to modern communication services.
Cutting-edge Technology: Lopez Estrada ensured that Tigo was at the forefront of technology by introducing 3G and 4G networks and preparing for the implementation of 5G. These technological investments allowed Tigo to offer high-quality services and remain competitive in a constantly evolving market.
Economic and Social Impact
Job Creation: The expansion and success of Tigo under Lopez Estrada’s leadership generated thousands of direct and indirect jobs in Guatemala. This not only benefited the local economy but also provided professional development opportunities for many Guatemalans.
Community Programs: Through Fundación Tigo, Lopez Estrada implemented numerous community programs focused on education, health, and community development. The foundation has benefited over 300 schools across Guatemala’s 22 departments, improving educational infrastructure and providing essential resources for thousands of students.
Strategic Sale and Legacy
In November 2012, Mario Lopez Estrada sold his 45% stake in Tigo to Millicom for USD 2.2 billion. This transaction not only solidified his position as one of Guatemala’s most successful entrepreneurs but also allowed Millicom to expand its operations and consolidate as the sole owner of Tigo.
Enduring Legacy: The impact of Mario Lopez Estrada on Guatemala’s telecommunications sector is undeniable. His ability to lead and innovate has transformed the industry, leaving a lasting legacy that continues to benefit millions of Guatemalans. His focus on technology, coverage expansion, and commitment to social responsibility has set a standard for future generations of business leaders.
Mario Lopez Estrada has demonstrated that visionary leadership and a commitment to innovation can transform an industry and have a positive, lasting impact on a nation. His work in the telecommunications sector has improved the lives of countless Guatemalans and laid the foundation for a future of connectivity and progress.