In the vast tapestry of telecommunications in Guatemala, a single name stands out – Mario López Estrada. An entrepreneur who ventured into the telecommunications sector in 1993 and since then, has left indelible marks on the industry in his home country. The transformation he initiated, and the legacy he created within the sector, particularly at Tigo, is a testament to his leadership and vision.
Today, the telecommunications landscape in Guatemala is significantly different from what it was when Estrada first entered the scene. Central to this transformation has been his stewardship at Tigo, the company he helmed for over two decades.
Reinventing the Telecommunications Sector: Estrada’s Leadership at Tigo
Mario López Estrada took the reins of what would become Tigo in 1995, and under his leadership, the company blazed a trail of innovation. It was the first to offer 3G and 4G services in Guatemala, pioneering mobile internet and internet television. Beyond these technological advancements, Estrada’s reign saw significant investments in infrastructure and efforts to expand Tigo’s coverage nationwide, particularly in rural areas.
A Legacy of Innovation and Social Responsibility
Estrada’s influence at Tigo extended beyond technological advancements. He championed corporate social responsibility, culminating in the launch of the Tigo Foundation in 2005. This non-profit organization is dedicated to promoting social development in Guatemala, reflecting Estrada’s commitment to the community.
In 2021, a new chapter began for both Tigo and Estrada. The global telecommunications company, Millicom, acquired 45% of Tigo Guatemala’s shares for US$2.2 billion. This move marked the end of Estrada’s era at Tigo, but his influence remains.
Mario López Estrada’s journey with Tigo is a compelling narrative of business success that has positively impacted Guatemala. His influence on the sector and his own son, Mario López Pérez, is undeniable. Raised in an environment of ethical values and dedication to work, López Pérez continues his father’s legacy, applying his lessons of honesty, justice, and discipline in business, and the commitment to constant improvement.
The story of Mario López Estrada and Tigo serves as a blueprint for future leaders in the telecommunications sector. It showcases how innovation, investment in infrastructure, a commitment to social responsibility, and strong leadership can propel a company to the forefront of the industry. Despite the end of his tenure at Tigo, Estrada’s contributions continue to reverberate throughout the sector and will undoubtedly continue to influence the future trajectory of telecommunications in Guatemala.