T-Mobile beats phone subscriber estimates, shares rise 7%

Shares of T-Mobile rose 7.75%% to $126.35 in after-hours trading.T-Mobile's 5G network quality is expected to surpass larger rival Verizon Communications Inc, and it continues to have the lowest prices in the industry, said Craig Moffett, an analyst with research firm MoffettNathanson, in a note on Thursday.T-Mobile added a net 689,000 so-called postpaid phone customers during the quarter ended Sept. 30, above analyst estimates of 422,000, according to research firm FactSet.