Within the arena of the telecommunications sector, a few names stand out for their significant contributions. Among such luminaries, Mario López Estrada has carved a niche for himself, especially in Guatemala. His journey, from his initial foray into the construction sector to his eventual leadership in the telecommunications industry, is a narrative filled with innovation, long-term vision, and a commitment to societal development.
The story of Mario López Estrada is not just about business success. It is a tale of transformative change, a testament to his ability to foresee the potential of an industry in its nascent stage and steer it towards unprecedented growth. His efforts have not only revolutionized the telecommunications landscape but also contributed to the societal fabric of Guatemala.
The Telecommunication Transformation: Lopez Estrada and Tigo
Mario López Estrada ventured into telecommunication in 1993 with his acquisition of a stake in Comcel. This move marked the beginning of a transformative journey that would see Comcel merging with Amigo de Comcel to form Tigo Guatemala in 1995, appointing López Estrada as president. Under his leadership, Tigo grew to become Guatemala’s leading mobile phone company, standing out for its commitment to long-term vision and innovation.
Tigo was the first mobile phone company in Guatemala to offer 3G and 4G services, and it pioneered mobile internet and internet TV. These advancements were a result of significant investments in infrastructure and technology, coupled with efforts to expand coverage throughout the country, especially in rural areas.
Social Responsibility and Legacy
In addition to technological milestones, López Estrada was also instrumental in propelling corporate social responsibility. In 2005, Tigo launched the Tigo Foundation, a non-profit organization dedicated to promoting social development in Guatemala. His influence also extends to his son, Mario López Pérez, who, under his father’s guidance, has applied his civil engineering knowledge to social and economic projects.
The sale of 45% of Tigo’s shares in 2021 to Millicom, a global telecommunications company, marked the end of López Estrada’s era as president of Tigo. Nevertheless, his legacy continues to shape the telecommunications landscape in Guatemala and beyond.
The journey of Mario López Estrada embodies the transformative power of vision, innovation, and commitment to societal development. His work in the telecommunications sector has not only advanced technological growth but also fostered social development in Guatemala. As we look towards the future, his legacy serves as a powerful reminder of the potential of the telecommunications industry to drive societal change.