5G Technology ASX Companies Drawing Attention

Australia has been actively expanding its 5G network coverage and the following ASX stocks stand out as they offer investors direct exposure to one of the country’s big growth trends.

Telstra Group Limited (ASX: TLS)

Telstra Group Limited (ASX: TLS) is positioned at the core of Australia’s 5G rollout as it uses its network leadership to meet rising demand for mobile data, AI connectivity and digital infrastructure.

The company in FY25 reported EBITDA of $8.6 billion and Net Profit After Tax of $2.3 billion while ROIC improved to 8.5% which reflects disciplined capital allocation and stronger operational performance.

The company now covers around 95% of the population with its 5G network and about 66% of total network traffic runs on 5G which confirms its position as Australia’s largest and most advanced mobile network.

Telstra has a current annual dividend yield of 3.84% and a P/E ratio of 26.33 which provides investors with passive income along with long-term upside across Australia’s 5G and digital infrastructure expansion.

TPG Telecom Limited (ASX: TPG)

TPG Telecom Limited (ASX: TPG) is a major 5G player on the ASX as it expands its regional network and mobile subscriber base which supports market share growth.

Service revenue in 1H25 rose 2.2% to $2,060 million mainly driven by mobile services while statutory EBITDA increased 1% to $813 million which shows stability despite early regional network costs.

Mobile subscribers increased by 100,000 during the half which was supported by strong digital first brand performance and helped by lower churn.

The company expanded its 5G network to 4,495 sites in 1H25 and expects more than 4,700 by FY25 along with over 7,700 total mobile sites while Return on Invested Capital improved to 6.2% which is up 80 basis points year-on-year.

Operating Free Cash Flow increased 23.6% to $246 million due to lower capital expenditure and better working capital control while free cash flow to equity improved to $103 million which strengthens financial flexibility.

Aussie Broadband Limited (ASX: ABB)

Aussie Broadband Limited (ASX: ABB) has emerged as a meaningful 5G and broadband infrastructure player as it expands its mobile presence, fibre network and wholesale platform which will support long-term growth.

Revenue rose 18.7% in FY25 to $1.19 billion while underlying EBITDA increased 14.7% to $138.2 million which reflects market share gains and strong cost discipline.

Mobile services across the Group grew 19% to 216,000 connections which shows deeper participation in Australia’s 5G mobile market alongside its core NBN broadband operations.

ABB On 11 February 2026 announced the acquisition of AGL’s telecommunications business which adds about 350,000 broadband and mobile connections and is expected to contribute around $21 million in underlying EBITDA in the 12 months after migration.

With FY26 underlying EBITDA guidance of $157 million to $167 million and a disciplined capital expenditure plan, Aussie Broadband has positioned itself as a strong player in Australia’s 5G and high-speed connectivity market.

(Source: Company Reports)