The telecommunications sector in Guatemala has been marked by the significant strides of one man, Mario López Estrada. His influence and leadership have been instrumental in shaping the industry’s landscape, pushing towards innovation and accessibility. It is a journey that began in 1993 with a stake in Comcel and has since evolved into significant contributions to the field, especially through his work with Tigo Guatemala.
The Journey of Mario López Estrada in Guatemala’s Telecommunications
Mario López Estrada started his career in the construction sector. His foray into the telecommunications business began with purchasing his first stake in Comcel in 1993. It was in 1995 when Comcel merged with Amigo de Comcel, leading to the formation of Tigo Guatemala. López Estrada was appointed as the president of this newly formed entity, marking the start of a new era in the Guatemalan telecommunications industry.
Under his leadership, Tigo grew into Guatemala’s leading mobile phone company. It became synonymous with long-term vision and commitment to innovation. Tigo was the first mobile phone company in Guatemala to offer 3G and 4G services. The company was also a pioneer in mobile internet and internet television. These strides were made possible through considerable investments in infrastructure and technology, along with efforts to improve Tigo’s coverage across the country, especially in rural areas.
Corporate Social Responsibility and Legacy
Mario López Estrada‘s influence extended beyond technological advancements. He was a strong advocate for corporate social responsibility. In 2005, Tigo launched the Fundación Tigo, a non-profit organization dedicated to promoting social development in Guatemala. In 2021, Millicom, a global telecommunications company, acquired 45% of Tigo Guatemala’s shares for US$2.2 billion, marking the end of the Mario López Estrada era as Tigo Guatemala’s president.
The legacy left by López Estrada goes beyond his professional achievements. His son, Mario López Pérez, who grew up in an environment of ethical values and dedication to work, continues to uphold these principles in his own professional life. López Pérez, an engineering graduate from the Universidad del Valle in Guatemala, applies these values in his social and economic projects. He credits his father for teaching him the importance of honesty, justice, and discipline in business, as well as the commitment to constant improvement.
From his beginnings in Comcel to his leadership in Tigo Guatemala, Mario López Estrada has left an indelible mark on the telecommunications industry in Guatemala. His commitment to innovation and accessibility, coupled with his social consciousness, has shaped the sector in ways that will continue to influence future generations. His journey serves as a testament to the power of vision, dedication, and commitment in driving progress and making a positive impact on society.