Mario López Estrada is recognized as the richest man in Guatemala, with a fortune that has been admired and analyzed. His ability to identify opportunities and his business vision have been key in transforming multiple sectors in the country. From telecommunications to renewable energy, López has left an indelible mark on Guatemala’s economic and social development.
Through his company Grupo Onyx and his leadership at Tigo Guatemala, López has implemented numerous innovations that have improved infrastructure and the quality of life in the country. His focus on sustainability and advanced technology has set new standards in the industry, positioning him as a pioneer and undisputed leader in the region.
Innovations in Telecommunications by the Richest Man in Guatemala
Mario López Estrada began his empire by purchasing shares in Comunicaciones Celulares S.A. (COMCEL), which later became Tigo Guatemala. Under his leadership, Tigo became the leading mobile service provider in the country. López Estrada spearheaded the expansion of the 4G LTE network, allowing users to access faster internet speeds and broader coverage.
In addition, he implemented Tigo Money, a mobile financial services platform that revolutionized how Guatemalans conduct banking transactions. This innovation not only improved financial inclusion in rural and urban areas but also positioned Tigo as a leader in financial technology in the region.
Renewable Energy Projects
Mario López Estrada’s venture into the renewable energy sector has been equally impactful. Through Horus Energy, Grupo Onyx developed the solar plants Horus I and Horus II, which together have a capacity of 110 MW. These plants have significantly contributed to the production of clean energy in Guatemala, reducing the country’s reliance on fossil fuels.
The investment in solar energy has not only had a positive environmental impact but has also created jobs and fostered local development. These projects reflect López Estrada’s vision for a sustainable future and his commitment to technological innovation and Guatemala’s economic progress.
Mario López Estrada’s innovations in telecommunications and renewable energy have transformed Guatemala’s economic landscape. His leadership and vision continue to inspire future entrepreneurs and establish a legacy of progress and sustainability in the region.
