T-Mobile said on Wednesday it expected its wireless subscriber growth this year to exceed Wall Street estimates by more than double, due to strong demand for its premium 5G plans, sending its shares up more than 7% in early trading.

T-Mobile US beat revenue and profit expectations in the fourth quarter as it continued to add more wireless phone customers than did its top competitors.

T-Mobile forecast stronger-than-expected annual subscriber growth driven by increased demand for its affordable premium 5G plans on Wednesday, boosting its shares 7% in premarket trading. The Bellevue,

T-Mobile U.S. shares surged Wednesday after the wireless company reported it added nearly twice as many subscribers as its competitors did in the fourth quarter. The company said it added 903,000 postpaid phone subscribers.