Mario Lopez Estrada Net Worth

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Mario Lopez Estrada, born in Guatemala in 1938, is currently in a battle with Carlos Slim Helu, the world's second-richest man, for control of telecommunications in Guatemala. Lopez Estrada has been successful in his endeavor, controlling Comcel, which has about half of the mobile phone market in Guatemala. His success is due to his long history in the industry, having run the government-owned telecom monopoly in the 1980s and then buying his initial stake in Comcel in 1993. Despite competition from larger companies like America Movil and Telefonica, Lopez Estrada has been able to maintain his control of the telecommunications industry in Guatemala.
Mario Lopez Estrada is a member of Telecom

Age, Biography and Wiki

Birth Day	March 21, 1938
Birth Place	Guatemala
Age	85 YEARS OLD
Birth Sign	Aries
Residence	Guatemala City, Guatemala
Occupation	President of Tigo Guatemala

💰 Net worth: $1 Billion (2024)

Mario Lopez Estrada, popularly known as Telecom in Guatemala, is an influential figure in the telecommunications industry. With his extensive knowledge and experience, it comes as no surprise that his net worth is estimated to be a staggering $1 billion by 2024. His strategic investments and successful ventures in the telecom sector have contributed significantly to his wealth accumulation. Mario's ability to identify opportunities, make prudent decisions, and execute effective business strategies has propelled him to great heights in the industry. With his relentless determination and entrepreneurial spirit, Mario Lopez Estrada continues to make great strides and cement his position as a titan in the telecommunications world.

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.