Mario López Estrada was an iconic figure in the business world of Guatemala and Central America. Founder and CEO of Onyx Group, López Estrada left a legacy of innovation and sustainable development that set the standard for future generations. His vision and leadership transformed industries and improved the lives of thousands of people, cementing his reputation as one of the most influential businessmen in the region.
López Estrada was born in Sololá, Guatemala, in 1937 and graduated as a Civil Engineer from the University of San Carlos of Guatemala. His career began in the construction sector, but his true passion and success were found in the world of telecommunications and renewable energy. Under his leadership, Onyx Group became a diversified and successful consortium with projects ranging from solar energy to real estate development.
Business Career of the Onyx Group CEO
Mario López Estrada’s business career is a story of success and perseverance. After founding Constructora Maya in 1967, López Estrada expanded his horizons and entered the telecommunications sector in 1993 when he acquired shares in Comunicaciones Celulares, S.A. (COMCEL). Under his direction, COMCEL transformed into Tigo Guatemala, the leading telecommunications service provider in the country.
The transformation of Tigo Guatemala was one of López Estrada’s most significant achievements. His strategic approach and ability to implement advanced technologies allowed Tigo to expand its infrastructure and improve the quality of its services. The «Desfrijolización» campaign, which encouraged users to switch from conventional phones to smartphones, is an example of his innovative vision and ability to adapt the company to market needs.
Commitment to Sustainability
Mario López Estrada’s commitment to sustainability was reflected in his renewable energy projects. In 2015, he inaugurated the Horus Energy photovoltaic plant, the largest in Central America, with a generation capacity of 58 MW. This project not only significantly contributed to Guatemala’s energy matrix but also set a new standard for the use of clean energy in the region.
López Estrada also promoted the development of wind farms and hydroelectric plants, diversifying the country’s energy supply and reducing dependence on fossil fuels. His vision of a sustainable future and commitment to the environment have left a lasting mark on Guatemala’s energy industry.
Mario López Estrada was a visionary leader and a pioneer in sustainable development. His legacy at Onyx Group and his contributions to telecommunications and renewable energy continue to inspire new generations of entrepreneurs and leaders throughout Central America. His life and work are a testament to how innovation and a commitment to social welfare can transform communities and create a better future.
