ASX Telecom Stocks in Focus as 5G Expansion, Earnings Growth and Buybacks Advance

Aditi Sarkar

06 November 2026 06:48 PM AEDT

ASX Telecom Stocks in Focus as 5G Expansion, Earnings Growth and Buybacks Advance

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Highlights

Telstra reported FY26 underlying EBITDAaL of AUD 8.3 billion and announced another on-market share buyback of up to AUD 1 billion.
TPG Telecom completed a 5G Advanced network-slicing trial in October, testing payment connectivity during a major public event.
Superloop increased FY26 Revenue by 21.5% to AUD 664.3 million, supported by growth across its operating segments.
All three telecom stocks recorded different daily price movements, reflecting contrasting performances during the 6 November trading session.

Australia’s telecommunications sector continues to draw attention as major operators expand network capabilities, develop digital infrastructure and pursue distinct financial priorities. Telstra Group Limited (ASX:TLS), TPG Telecom Limited (ASX:TPG) and Superloop Limited (ASX:SLC) represent three different approaches to the evolving connectivity market, spanning Shareholder distributions, 5G applications and broadband subscriber growth. On 6 November 2026, Telstra shares traded at AUD 5.10, advancing 1.39%, while TPG Telecom gained 2.24% to AUD 4.10. Superloop remained unchanged at AUD 2.82, highlighting varied share-price performances across the three operators.

Telstra Strengthens Earnings and Shareholder Returns

Telstra recorded underlying EBITDA after Lease Amortisation of AUD 8.3 billion in FY26, an increase of 4% from the previous financial year. Reported net profit after tax increased 2.7% to AUD 2.4 billion, while cash earnings advanced 12% to AUD 2.9 billion. The company also increased its full-year Dividend to 21 cents per share.

Capital management remained prominent, with Telstra completing its AUD 1.25 billion share buyback in June 2026 before announcing another on-market repurchase program of up to AUD 1 billion. Operationally, the company upgraded nearly 1,200 mobile sites with 5G Advanced capability and expanded its Aura Network infrastructure beyond 8,500 kilometres of installed fibre.

Its Connected Future 30 strategy continues to focus on network improvements, infrastructure development, artificial intelligence and cash earnings.

TPG Telecom Moves Ahead With 5G Advanced Applications

TPG Telecom has continued developing its mobile network capabilities, including testing applications designed for Business connectivity. In October 2026, the company announced the successful completion of a live 5G Advanced network-slicing trial at the Royal Adelaide Show.

The trial examined how dedicated network resources could support payment connectivity when significant crowds increase Demand on mobile infrastructure. The development forms part of TPG Telecom’s broader efforts to enhance network performance and introduce new capabilities for enterprise customers.

TPG also released its half-year financial results in August 2026, providing an update on operational performance and its mobile and fixed connectivity businesses. On the market, TPG shares traded between AUD 4.01 and AUD 4.10 during the 6 November session, with more than 3.34 million shares changing hands. Its Market Capitalisation stood at approximately AUD 8.05 billion.

Superloop Delivers Earnings Growth and Expands Broadband Reach

Superloop reported a 21.5% increase in FY26 revenue to AUD 664.3 million, supported by growth across its Consumer, Business and Wholesale segments. Underlying EBITDA increased 33% to AUD 122.7 million, exceeding the upper end of its upgraded guidance. Free Cash Flow also advanced 50% to AUD 84.4 million.

The company added 205,000 customers during FY26, taking its customer base to approximately 935,000. Its group nbn Market Share increased to 8.5%. Superloop also expanded its Smart Communities operations through acquisitions and introduced neoloop, its wholesale fibre-to-the-premises brand.

The company has outlined its SuperCharge29 strategy, targeting more than AUD 1 billion in revenue and AUD 200 million in underlying EBITDA by FY29. These remain strategic ambitions rather than completed results.

Network Investment and Financial Execution Shape the Outlook

The three companies enter their next reporting periods with different priorities. Telstra is pursuing network development, cash earnings growth and Capital returns. TPG Telecom is expanding network capabilities and business connectivity applications, while Superloop is focused on customer growth, broadband infrastructure and its FY29 targets. Their upcoming operational and financial disclosures will provide further detail on progress against these respective strategies.

FAQs

Q: Which three ASX telecommunications stocks are covered?

A: Telstra Group (ASX:TLS), TPG Telecom (ASX:TPG) and Superloop (ASX:SLC).

Q: What were Superloop’s FY26 financial results?

A: Superloop recorded revenue of AUD 664.3 million and underlying EBITDA of AUD 122.7 million.

Q: What are the companies’ major business priorities?

A: Telstra is focusing on network investment and capital returns, TPG on connectivity technology, and Superloop on broadband growth.

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