5G is (at least on paper) _very_ low latency; couple of ms.
Your network needs to be End to End running on 5G-A ( 3GPP Rel 18 ) with full SA ( Stand Alone ) using NR ( New Radio ) only. Right now AFAIK only Mobile networks in China has managed to run that. ( Along with turning on VoNR ) Most other network are still behind in deployment and switching.
[0]: https://www.bbc.co.uk/rd/blog/2023-05-5g-non-public-network-...
This: https://en.wikipedia.org/wiki/Chaos_Communication_Congress usually has a temporary cell network (I think up to LTE last year) set up for the duration of the event, on a temporary license. And that's basically just done for fun.
F1 TV also gets radio spectrum which they use for something like 4G for their wireless cameras.