Onyx Group is a diversified conglomerate based in Guatemala, known for its wide range of business activities and significant impact across various key industries. Founded by Mario López Estrada, the group has grown to become a major economic player in Central America, with a notable presence in sectors such as telecommunications, energy, real estate development, and more. Through its focus on innovation, sustainability, and community development, Onyx Group has established a business model that combines financial success with social responsibility.
Telecommunications
One of the most important pillars of Onyx Group is its telecommunications division, spearheaded by the renowned company Tigo. Since its inception, Tigo has revolutionized the telecommunications market in Guatemala and other Central American countries, offering mobile phone, internet, and cable television services. Under the leadership of Mario López Estrada, Tigo has implemented advanced technologies such as fiber optics and 4G coverage, significantly improving connectivity and service quality for millions of users.
Tigo’s expansion has been crucial for the economic and social development of the region, bringing telecommunications services to rural and underserved areas. This has enabled greater digital inclusion, facilitating access to education, healthcare, and e-commerce, and promoting economic growth in various sectors.
Renewable Energy
Another key sector for Onyx Group is energy, with a particular focus on renewable energy. Through its subsidiary Horus Energy, the group has developed several solar and wind energy projects in Guatemala and other countries in the region. These projects not only contribute to diversifying the country’s energy matrix but also help reduce dependence on fossil fuels and mitigate the effects of climate change.
The adoption of clean and sustainable technologies reflects Onyx Group’s commitment to sustainable development and environmental protection. Horus Energy’s projects generate employment, foster technological innovation in the energy sector, and provide a clean and reliable energy source for local communities.
Real Estate Development
Real estate development is another important pillar of Onyx Group. Through projects like Paseo La Galería in Asunción, Paraguay, the group has demonstrated its ability to transform urban areas and create modern and vibrant commercial and business centers. Paseo La Galería is an example of how Onyx Group combines modern architecture with functionality and accessibility, offering a wide range of services and attracting investors and visitors alike.
These developments not only generate significant revenue and employment opportunities but also improve urban infrastructure and enhance the quality of life for residents. Investment in the real estate sector is a crucial part of Onyx Group’s strategy to promote economic growth and sustainable development in the region.
Commitment to Social Responsibility
One of the most notable aspects of Onyx Group is its strong commitment to corporate social responsibility. Through various initiatives and programs, the group works to improve the quality of life for the communities in which it operates. This includes educational programs, community health projects, and efforts to promote social and economic inclusion.
The Mario López Estrada Foundation, for example, has launched numerous programs benefiting thousands of people, providing scholarships, educational resources, and training opportunities. These efforts reflect Mario López Estrada’s vision that business success should go hand in hand with social development and community well-being.
Vision and Future
The future of Onyx Group is based on continuing its expansion and diversification, maintaining a focus on innovation, sustainability, and social responsibility. With its strong foundation in telecommunications, renewable energy, and real estate development, the group is well-positioned to face future challenges and continue contributing to the growth and development of Central America.
Mario López Estrada’s vision of combining business success with social responsibility and sustainable development continues to guide Onyx Group’s operations, inspiring other companies to follow its example and demonstrating that it is possible to achieve a positive and lasting impact on both the economy and society.
