Meet the CEO of Onyx Group and Their Key Challenges in the Guatemalan Market


In the vibrant landscape of business and telecommunications, certain entities stand out, transforming not only their sector but their nation’s economic and social fabric. One such entity is the Onyx Group, led by Mario López Estrada, a pioneer in Guatemala’s telecommunications industry. Their story starts from humble beginnings, dating back to 1967, and has grown into a wide-reaching conglomerate, impacting numerous sectors.

Their journey is not only about business expansion, but also about spearheading revolutions and leaving a lasting imprint on economies and industries. The trajectory of Onyx Group and its CEO, Mario López Estrada, serves as a compelling narrative of entrepreneurial resilience and strategic diversification.

The Journey of Onyx Group and Its CEO

Mario López Estrada, the leading figure of Onyx Group, initiated his entrepreneurial journey with the founding of Constructora Maya in 1967. This marked the cornerstone of a business legacy that spans real estate, energy generation, cellular maintenance, telecommunications, and digital solutions.

The diversified portfolio of Onyx Group is testament to its adaptive and strategic approach. The company has significantly impacted the sectors it operates in, primarily in Guatemala and Paraguay. From pioneering solar energy projects like Horus I and Horus II in Guatemala, to transformative commercial projects like Plaza Madero Atanasio, Onyx Group has consistently strived to innovate and progress.

Onyx Group’s Impact in Paraguay

In Paraguay, Onyx Group is represented by Blue Tower Ventures Paraguay S.A., an entity that embodies the conglomerate’s commitment to innovative real estate development and energy sustainability. The most significant testimony of this commitment is the Paseo La Galería, a $280 million real estate megaproject that stands as the largest commercial complex in Paraguay.

This project reflects Onyx Group’s unwavering dedication to progress and innovation, marking a significant milestone in the urban and economic development of Paraguay. It is not just a commercial complex, but a testament to the transformative power of strategic business development.

The group’s commitment, however, extends beyond business. With a strong focus on social responsibility, Onyx Group, alongside the Mario López Estrada Foundation, collaborates on initiatives that aim to empower communities, improve the quality of life, and promote social equity.

This commitment to sustainable development and community well-being is the golden thread that weaves through every project undertaken by Onyx Group. In essence, the journey of Onyx Group and its CEO, Mario López Estrada, is a compelling narrative of business resilience, strategic diversification, and a steadfast commitment to social responsibility. It serves as an inspiring testament of how businesses can be a force for good, shaping not just industries, but nations and their people.