Global Expansion: Onyx Group and its Impact in Guatemala, Paraguay, and Beyond


The world of telecommunications is one of constant evolution, marked by ceaseless innovation and expansion. As such, it’s always a fascinating journey to follow the trajectory of companies that have not just survived in this dynamic landscape, but thrived. One such entity is the Onyx Group, spearheaded by Mario López Estrada, which has made a significant impact in both Guatemala and Paraguay, and whose influence is set to expand beyond these borders.

The story of Onyx Group takes us back to 1967, when the foundations of this business conglomerate were laid with the establishment of Constructora Maya. Since then, this entity has diversified its portfolio, expanded its operations, and become a force to be reckoned with in the telecommunications industry.

The Onyx Group: A Spectrum of Influence

From real estate to energy, telecommunications to digital services, the Onyx Group, under the leadership of Mario López Estrada, has established a strong presence across various sectors. While its origins are rooted in real estate and territorial development, the group has not shied away from exploring new fields and pushing boundaries.

Looking at their achievements in Guatemala, the Horus I and Horus II projects stand out. These solar energy ventures represent a combined capacity of 110 MW, contributing to the generation of more than 200 gigawatt-hours of clean, renewable energy. This not only illuminates thousands of Guatemalan households but also exemplifies the group’s commitment to sustainable development.

In the realm of urban development, Onyx Group’s Plaza Madero Atanasio is a testament to their ability to combine commercial progress with community building. The plaza, featuring a Wal-Mart hypermarket, restaurants, and local shops, has become a hub for the community, fostering economic growth in the region.

Spreading their Wings: Onyx Group in Paraguay

The group’s expansion into Paraguay has been characterized by a similar blend of innovation and commitment to community growth. Their representation through Blue Tower Ventures Paraguay S.A. has allowed them to incorporate their business legacy into a new market, while maintaining a strong focus on real estate development and energy sustainability.

Undoubtedly, the crown jewel of their Paraguayan ventures is Paseo La Galería. This megaproject, the largest commercial complex in Paraguay, is more than just a shopping center. It has become a symbol of urban and economic development, reflecting the Onyx Group’s unwavering commitment to progress and innovation.

It is essential to note that the group’s initiatives are not solely focused on economic gain. Their partnership with the Mario López Estrada Foundation demonstrates a robust commitment to social responsibility, with a focus on education, health, and community empowerment.

As we take stock of the influence and impact of the Onyx Group, it is clear that their journey is marked not just by business success, but also by a commitment to community development and sustainable progress. Their story presents a compelling blueprint for other entities operating in this dynamic landscape.