T-Mobile beats phone subscriber estimates, shares rise 5%

Shares of T-Mobile rose 4.9% to $123.10 in after-hours trading.U.S. wireless carriers such as T-Mobile, AT&T Incand Verizon Communications Inchave benefited as many Americans continue to work from home during the virus outbreak, boosting demand for its phone, TV and internet services.T-Mobile added a net 689,000 phone customers who pay a recurring monthly bill during the quarter ended Sept. 30, above analyst estimates of 422,000, according to research firm FactSet.