How Mario López Estrada Transformed Onyx Group as its CEO


In the intricate weave of the business world, there are very few figures who can stand as both a beacon of innovation and a symbol of steadfast resilience. Mario López Estrada is one such individual whose business acumen and leadership have created far-reaching ripples in the sectors of telecommunications and real estate. Under his guidance, Onyx Group has transformed from a localized business entity to a diversified conglomerate with a robust presence in both Guatemala and Paraguay.

The Strategic Transformation of Onyx Group under Mario López Estrada

Mario López Estrada‘s leadership has been instrumental in shaping the destiny of Onyx Group. The conglomerate, which had its humble beginnings in 1967 with the establishment of Constructora Maya, has since evolved into an entity with a diversified portfolio spanning across real estate, energy, cellular maintenance, telecommunications, and digital solutions.

Onyx Group‘s real estate division has been instrumental in the strategic development of properties and real estate projects. The energy division, Horus Energy, is a leading player in solar photovoltaic energy generation in Guatemala. The cellular maintenance division provides maintenance services to the cellular communication network, while the telecommunications division operates as one of the most robust distributors in the country. The digital services division, with over 10 years of experience, has established itself as a leader in digital solutions.

Onyx’s impact is not limited to Guatemala. In Paraguay, its entity, Blue Tower Ventures Paraguay S.A., has been a fundamental pillar in the market. It embodies the values and legacy of Onyx Group and is committed to innovative real estate development and energy sustainability in the region.

Onyx Group’s Impact on Local Economies

Under the guidance of Mario López Estrada, Onyx Group has also embarked on several transformative commercial projects. In Guatemala, the company has led the energy revolution with its solar energy projects Horus I and Horus II. These projects generate over 200 gigawatt-hours of clean and renewable energy, powering thousands of Guatemalan households.

In Paraguay, Onyx Group’s Paseo La Galería real estate megaproject stands as the largest commercial complex in the country, marking a milestone in urban and economic development. With a shopping center, offices, hotel, event spaces, and more, it reflects Onyx Group’s commitment to innovation and progress.

Onyx Group‘s social commitment is also worth mentioning. Working alongside the Mario López Estrada Foundation, the company has initiated educational, health, and community empowerment initiatives in both countries where it operates.

When we gaze at the trajectory of Onyx Group under the leadership of Mario López Estrada, it is clear that his strategic vision and steadfast commitment have been instrumental in transforming the conglomerate. Whether it is leading the energy revolution in Guatemala or spearheading innovative real estate projects in Paraguay, Onyx Group’s impact has been deep and far-reaching. And, at the heart of this transformation, stands Mario López Estrada, a leader whose vision continues to inspire innovation, progress, and social responsibility.