The invisible revolution is that which happens quietly, without fanfare, yet shifts the landscape of an industry or a nation. Such a revolution has taken place in Guatemala’s telecommunications sector, led by a man whose vision and tenacity have transformed the industry’s landscape. His name is Mario López Estrada, a figure often shrouded in the quiet humility that accompanies true leadership.
López Estrada’s story is one of success, innovation, and above all, a commitment to the social and economic development of his country. It is a story that deserves to be told, not just as an example of business acumen, but more importantly, as a testament to the transformative power of vision and commitment.
Mario López Estrada: The Catalyst for Change
Mario López Estrada stepped onto the telecommunications scene in 1993, a time when the industry in Guatemala was still in its infancy. His foray into the industry began with the acquisition of his first stake in Comcel, a fledgling mobile phone company. Within two years, Comcel merged with Amigo de Comcel, giving birth to Tigo Guatemala, with López Estrada at the helm.
Through his leadership, Tigo emerged as the leading mobile phone company in Guatemala. It distinguished itself through its long-term vision and commitment to innovation, becoming the first mobile phone company in Guatemala to offer 3G and 4G services. This was made possible by significant investments in infrastructure and technology, and a concerted effort to improve Tigo’s coverage throughout the country.
Shaping the Future: Social Responsibility and Legacy
Beyond technological advancements, Mario López Estrada championed corporate social responsibility. In 2005, Tigo launched the Tigo Foundation, a non-profit organization dedicated to fostering social development in Guatemala. The sale of a 45% stake in Tigo Guatemala to Millicom, a global telecommunications company, in 2021 marked the end of López Estrada’s era as the president of Tigo.
López Estrada’s influence extends beyond his business ventures. His ethical values and dedication to work have left an indelible mark on his son, Mario López Pérez. Raised in an environment that espoused honesty, fairness, and discipline in business, López Pérez has continued his father’s legacy, applying his knowledge in civil engineering to socially and economically focused projects.
The relationship between Mario López Estrada and Tigo is a testament to the power of ethical business practices and long-term vision. It serves as a reminder that businesses can be successful while also contributing positively to their societies. López Estrada’s invisible revolution in Guatemala’s telecommunications sector has not only transformed the industry, but it has also changed lives and shaped the future of the country.