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
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
| % | |
|---|---|
| Broadband Internet Services | 80% Wireless and fiber-based internet access sold to residential and commercial customers. |
| Voice Services | 10% VOIP and related voice connectivity services bundled with broadband offerings. |
| Video and Other Services | 10% 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...
Capital access risk
Growth depends on raising debt or equity on acceptable terms.
- Scope
- Expansion funding and acquisitions
- Materiality
- high
Competitive pressure from larger operators
Cable, wireless, and telecom rivals have greater resources and broader offerings.
- Scope
- Ohio broadband footprint
- Materiality
- high
Cybersecurity and IT disruption
Broadband operations rely on IT systems and customer data handling.
- Scope
- Customer service, billing, network operations
- Materiality
- high
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
: 29.4.2026