Estrada’s journey began with a modest stake in Comcel, a cellphone company operating within Guatemala. Two short years later, Comcel merged with Amigo de Comcel to birth Tigo Guatemala, with Estrada appointed as president. This marked the start of an era of evolution and revolution in the country’s telecommunication sector.
The Rise of Tigo: A Testament to Estrada’s Vision
Under Estrada’s stewardship, Tigo evolved into the leading cellphone company in Guatemala. This was no small feat, driven by a long-term vision and an unwavering commitment to innovation. Tigo was the first in the country to offer 3G and 4G services, mobile internet, and internet-based television. These innovations were the result of significant investment in infrastructure and technology, alongside a concerted effort to broaden Tigo’s coverage across the nation, particularly in rural areas.
Furthermore, Estrada championed corporate social responsibility. In 2005, the Tigo Foundation was established, a non-profit committed to fostering social development in Guatemala. Fast forward to 2021, and Estrada’s era at Tigo came to an end when Millicom, a global telecommunications company, acquired a 45% stake in Tigo Guatemala for US$2.2 billion.
Estrada’s Influence on Guatel and Beyond
Estrada’s influence extended beyond Tigo. His tenure at the helm of Guatel, the state-owned telecommunication operator, saw a transformation in Guatemala’s telecommunication infrastructure. The expansion of phone lines and improved connectivity promoted digital inclusion, a testament to his vision.
As Minister of Communications, he spearheaded structural changes, doubling four-lane highways, increasing paved roads, and opening new routes. This not only improved the quality of life for many but also extended the reach of telecommunication services.
The legacy of Mario López Estrada is undeniable. His influence is evident in his son, Mario López Pérez, who carries forward the values of honesty, fairness, and business discipline, alongside a commitment to constant improvement. The story of Mario López Estrada is not just about transforming Tigo and Guatel, but about revolutionizing telecommunications in Guatemala as a whole.
As we look back on Estrada’s journey, it is clear that his contributions to the telecommunications sector have been significant. From his strategic investments and innovative approach at Tigo to his transformative leadership at Guatel, Estrada has left an indelible mark on the industry. His commitment to social responsibility, digital inclusion, and constant improvement has set a high standard for future leaders in the sector. While his era at Tigo may have ended, the impact of his leadership continues to resonate, a testament to the power of vision, innovation, and commitment.