Mario Lopez Estrada

About Mario Lopez Estrada

Birth Day: March 21, 1938
Birth Place: Guatemala
Birth Sign: Aries
Residence: Guatemala City, Guatemala
Occupation: President of Tigo Guatemala

Mario Lopez Estrada Net Worth

Mario Lopez Estrada was bornon March 21, 1938 in Guatemala. Mario Lopez Estrada is fighting Carlos Slim Helu, the world's second-richest man, for control of telecommunications in Guatemala, and so far, Lopez Estrada is winning. New to the Forbes billionaires list in 2015, Lopez Estrada controls Comcel, which has about half of the mobile phone market in Guatemala, fending off larger competitors like Slim's America Movil and Spanish giant Telefonica. Lopez Estrada ran the government-owned telecom monopoly in the 1980s. When the state privatized the industry in 1990, one company, Comcel, was given a monopoly in exchange for sharing profits with the government. Lopez Estrada reportedly bought his initial stake in the company three years later, in 1993, then increased it over time by buying up shares.
Mario Lopez Estrada is a member of Telecom

💰 Net worth: $1 Million

Some Mario Lopez Estrada images

Biography/Timeline

1972

In 1972, the businessman Mario Lopez Estrada founded Constructora Maya, an independent construction company.

1980

In the 1980s, he served as the head of the state telecommunications company. López was Minister of Communications in the government of Vinicio Cerezo, who served as President of Guatemala from 1986-91.

1986

According to a financial report in Bloombergs website, from 1986 to 1991 he worked as Ministro de Comunicaciones, Infraestructura y Vivienda (Minister for Communications, Infraestructure and Housing) during the first democratic government in Guatemala, with expresident Vinicio Cerezo Arevalo. Mario Lopez Estrada ventured the aggressive telecommunications Business in 1993. Since that time he has made Tigo Guatemala the number 1 teleccommunications company in the country.

2009

Mario Lopez Estrada is the founder and President of the Board of Directors of Tigo Foundation. According to its website, Tigo Foundation is dedicated to support children in Guatemala with Health care, education and Sports. Their website also cites that from its foundation in 2009 to 2017, 250 schools have been built in the rural areas in Guatemala.

2013

He is the President of Tigo Guatemala, that country's largest mobile phone Service provider with more than eight million users and market share of over 54%. In early 2013, Tigo promoted adoption of smartphones by its users; it started by selling 30,000 smartphones per month, then in late 2013 100,000 per month, and in late 2014 sold 150,000 per month.

2015

They also published in December 2015 that the American Embassador, Todd Robinson invited private sector members, among them representatives of Tigo Foundation to visit different USAID projects being held in Quiche. From this visit, Tigo Foundation started an initiative called CEPROCAL (Caprine Production of the Highlands) in Nebaj and its part of the PAISANO project with Save the Children Guatemala.

2017

In May 2017, Lopez Estrada received the Excellence in Business Recognition from Forbes in Genius Disruption forum in Guatemala city, as told in different media publications.