Old Market Capital Corp

Old Market Capital Corp is a U.S.-based holding company incorporated in Delaware that owns a controlling interest in Amplex through Amplex Holdings. Its operating business is broadband connectivity in rural and underserved areas of Northwest and North Central Ohio, with services spanning wireless internet, fiber internet, voice over internet protocol, and video-related offerings.

−58,3 %

−55,0 %

9.45

9.05

— Old Market Capital Corp
%
Broadband Internet Services80% Wireless and fiber-based internet access sold to residential and commercial customers.
Voice Services10% VOIP and related voice connectivity services bundled with broadband offerings.
Video and Other Services10% Video streaming and other ancillary telecom services provided in the service footprint.

The customer base consists primarily of residential households and small businesses in rural and underserved...

  • Residential broadband subscribersprimary

    Households buying wireless or fiber internet for everyday connectivity and streaming.

  • Small business customerssecondary

    Local businesses buying broadband and VOIP for operations and communications.

  • Commercial and institutional accountssecondary

    Organizations buying higher-reliability connectivity in Amplex service areas.

  • Video and bundled service customersemerging

    Subscribers taking ancillary video or bundled communications services.

The company’s operating footprint is concentrated in Northwest and North Central Ohio, where Amplex provides broadband...

  • •Operations are concentrated in Northwest and North Central Ohio
  • •Revenue depends on rural and underserved service areas
  • •Fiber buildout is tied to local passings and network density
  • •Corporate headquarters are in Omaha, Nebraska
  • •Delaware holding-company structure sits above operating subsidiaries

The company’s strategy is to expand its rural broadband footprint through fiber-to-the-home buildout and related...

01
Expand the fiber networkmedium-term

More fiber passings support subscriber growth and service upgrades in underserved areas.

02
Pursue selective acquisitionsmedium-term

The broadband market is fragmented, creating opportunities to buy small operators.

03
Maintain capital flexibilityshort-term

Network expansion and acquisitions require access to debt and equity funding.

The business is exposed to leverage, capital-access, and execution risk because network expansion and acquisitions...

high

Leverage and debt service risk

Borrowing can strain cash flow and reduce flexibility for network investment or acquisitions.

Scope
Holding company and broadband operations
Materiality
high
high

Capital access risk

Growth depends on raising debt or equity on acceptable terms.

Scope
Expansion funding and acquisitions
Materiality
high
high

Competitive pressure from larger operators

Cable, wireless, and telecom rivals have greater resources and broader offerings.

Scope
Ohio broadband footprint
Materiality
high
high

Cybersecurity and IT disruption

Broadband operations rely on IT systems and customer data handling.

Scope
Customer service, billing, network operations
Materiality
high
medium

Regulatory change

Internet services may face new utility-style, privacy, or service-quality rules.

Scope
Broadband service model
Materiality
medium
Revenue recognition for broadband and VOIP contracts
Deferred revenue and accounts receivable balances
Business combination accounting
Goodwill and intangible asset balances
Goodwill and intangible impairment
Potential non-cash charges to earnings
Comparability after portfolio changes
Year-over-year revenue and expense comparisons

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: 29/04/2026