Old Market Capital Corporation operates as a holding company that indirectly owns a controlling interest in a broadband company and seeks to pursue additional controlling interests in other companies and sectors. The company restructured its operations in November 2023 after previously functioning as a specialized consumer finance company. Following the sale of substantially all of its finance receivables and repossessed assets to Westlake Financial in April 2024, Old Market Capital Corporation ceased originating auto loans and has been winding down previously charged off accounts and related business activities. The company now focuses on capital allocation to drive growth in intrinsic value per share through reinvestment in its existing operating subsidiary, strategic investments, and funding long-term income-generating ventures.
Old Market Capital Corporation generates revenue primarily through its ownership stake in Amplex Holdings, which in turn wholly owns Amplex, a provider of broadband internet, voice over internet protocol (VOIP), and video services. Revenue is derived from subscription fees paid by residential and commercial customers for broadband connectivity, VOIP services, and video offerings within Amplex’s service areas in Northwest and North Central Ohio. The company does not generate revenue from any other operational segments at this time, as its former consumer finance business has been fully divested and wound down.
The company operates through the following segments:
- Broadband: This segment provides broadband internet, voice over internet protocol (VOIP), and video services to residential and commercial customers. Amplex delivers fiber optic and fixed position wireless connectivity across Northwest and North Central Ohio. The service includes high-speed internet access, VoIP telephone services, and video streaming options tailored to underserved communities where traditional providers often lack adequate infrastructure.
Old Market Capital Corporation operates in the broadband services industry, where it competes with major national providers such as Brightspeed, Charter Communications, Comcast, Frontier, AT&T, T-Mobile, and Verizon. The company’s competitive advantage lies in its focus on rural and underserved markets where larger providers often do not offer sufficient speed or bandwidth. Amplex benefits from barriers to entry in the fiber-to-the-home market, including specialized installation requirements and regulatory considerations, which limit competition and support long-term returns on invested capital in fragmented local markets.
Amplex serves approximately 13,000 broadband customers as of March 31, 2025, including 4,400 fiber subscribers, with over 12,000 fiber passings completed in its service area. The customer base consists of both residential households and commercial businesses located in Northwest and North Central Ohio. Specific customer names are not disclosed in the filing, but the company emphasizes its focus on community organizations, homes, and businesses seeking reliable high-speed internet in regions with limited connectivity options.