Old Market Capital Corporation (OMCC) operates as a holding company which indirectly owns a controlling interest in a broadband company.
The company also seeks to pursue additional controlling interests in other companies and sectors yet to be determined. The company operates as one operating segment, Telecommunications, which provides broadband internet, voice over internet protocol (VOIP), and video services within service areas located primarily in Northwest and North Central Ohio. Customers...
Old Market Capital Corporation (OMCC) operates as a holding company which indirectly owns a controlling interest in a broadband company.
The company also seeks to pursue additional controlling interests in other companies and sectors yet to be determined. The company operates as one operating segment, Telecommunications, which provides broadband internet, voice over internet protocol (VOIP), and video services within service areas located primarily in Northwest and North Central Ohio. Customers include residential clients and commercial clients.
Broadband Business
On June 15, 2024, the company, through the acquisition and subsequent contributions, acquired shares totaling 56.5% of the issued and outstanding common shares of Amplex Electric Inc, an Ohio corporation (‘Amplex’), and concurrently with such closing, the company and the remaining Amplex shareholder contributed all of their Amplex shares to newly formed holding company named Amplex Holdings, Inc., a Delaware corporation (‘Amplex Holdings’), in exchange for common shares of Amplex Holdings. Immediately following such exchange, the company held 56.5% of the issued and outstanding common shares of Amplex Holdings, and Amplex Holdings held 100% of the issued and outstanding common shares of Amplex. Amplex is a provider of broadband internet, voice over internet protocol (VOIP), and video services within service areas located primarily in Northwest and North Central Ohio. As of March 31, 2025, Amplex had approximately 13,000 broadband customers (4,400 fiber subscribers) and over 12,000 fiber passings completed. Amplex's customer base includes both residential and commercial customers.
Additional Opportunities for Growth
In addition to Amplex's activities in the broadband sector, the company is open to exploring other industries. The company intends to continue to pursue an opportunistic approach in identifying opportunities that align with its investment criteria.
Broadband Services
Amplex offers fiber optic and fixed position wireless connectivity to homes, businesses, and community organizations across Northwest and North Central Ohio.
In addition to fiber optic technology, Amplex maintains a strong fixed position wireless network where they are able to provide a high bandwidth solution in rural areas and communities where fiber technology does not currently exist and/or it is cost prohibitive to install.
Amplex's broadband business delivers high-speed internet access, primarily targeting rural and underserved communities with limited connectivity and growing bandwidth needs.
Major operators—such as Brightspeed, Charter Communications, Comcast, and Frontier—as well as telecom companies like AT&T, T-Mobile, and Verizon, may seek to expand into the markets Amplex serves.
Strategy
The company’s strategy centers on investing in companies and business sectors that have a proven track record.
The company intends to explore acquisitions through a variety of channels, including internal outreach, such as phone calls, research, and mailings, as well as long-standing business relationships. The company also plans to evaluate opportunities presented by brokers and other professionals. The company’s focus remains on acquisitions that align with its growth strategy.
The company’s strategy is to expand its presence in the rural broadband sector, anticipating continued growth in demand for reliable, high-capacity internet access.
Regulation
Certain of Amplex’s services that are provided via wireless transmission require the Federal Communications Commission (FCC) licenses.
History
The company was founded in 1985. It was incorporated under the laws of British Columbia in 1986. The company was formerly known as Nicholas Financial, Inc. and changed its name to Old Market Capital Corporation in 2024.