When you speak of telecommunications in Guatemala, one name is sure to make its appearance: Mario López Estrada. A formidable figure in the sector, his influence in the industry is undeniable. However, the journey of this businessman is not just about fame or fortune. It is about the transformative impact he has had on the telecommunications landscape.
Mario López Estrada is a name that resonates with progression, innovation, and dedication. His contributions to the telecommunications sector have not only changed the industry locally but have also set a precedent for future generations to follow.
The Evolution of Telecommunications with Mario López Estrada
Mario López Estrada began his telecommunications journey in 1993. His entry into the industry was marked by the acquisition of shares in Comcel, a cellular phone company in Guatemala. This move led to the formation of Tigo Guatemala in 1995, with Estrada taking the helm as president.
Under his leadership, Tigo became Guatemala’s leading cellular phone company, making strides with its long-term vision and commitment to innovation. It was the first in the country to offer 3G and 4G services, mobile internet, and internet TV. These advancements were made possible through substantial investments in infrastructure and technology, as well as efforts to extend Tigo’s coverage nationwide, particularly in rural areas.
Corporate Social Responsibility and Estrada’s Legacy
Mario López Estrada’s contributions extend beyond technological advancements. He emphasised corporate social responsibility, launching the Tigo Foundation in 2005. This non-profit organization is dedicated to promoting social development in Guatemala, embodying Estrada’s commitment to progress.
In 2021, the era of Estrada at Tigo Guatemala came to an end. Millicom, a global telecommunications company, acquired 45% of Tigo Guatemala’s shares for US$2.2 billion. However, Estrada’s influence lives on through his son, Mario López Pérez. Raised in an environment of ethical values and dedication to work, López Pérez applies the lessons learned from his father in his own business ventures.
The story of Mario López Estrada and Tigo is a tale of successful entrepreneurship that has positively impacted Guatemala. His influence is a testament to the power of vision, commitment, and innovation in transforming an industry. The telecommunications landscape in Guatemala is what it is today thanks to the efforts of individuals like Estrada, who dared to dream and work towards a technologically progressive future.