Mario Lopez Estrada

Mario López Estrada
Residence Guatemala City, Guatemala
Occupation President of Tigo Guatemala
Net worth $1.0 billion (August 2015)[1]

Mario López Estrada is Guatemala's first billionaire and is a telecommunications businessman.

Career

In the 1980s, he served as the head of the state telecommunications company.[2] López was Minister of Communications in the government of Vinicio Cerezo, who served as President of Guatemala from 1986-91.[3]

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%.[4] 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.[4]

In 2015, he became a billionaire, according to Forbes.[1]

References

  1. 1 2 "Mario Lopez Estrada". Forbes: The World's Billionaires. Retrieved 19 August 2015.
  2. ↑ Blake Schmidt, Carlos Slim Bested by Mobile Billionaire in Guatemala, Bloomberg Business, August 4, 2014
  3. ↑ "Minister of Communications in the government of Vinicio Cerezo". Guatevision. 3 March 2015. Retrieved 5 March 2015.
  4. 1 2 Tigo: the formula to stay on top. 21 August 2014.


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