AT&T to buy T-mobile for $39 Billion. How?

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cube_

Mega Geek
"AT&T agrees to buy T-Mobile USA from Deutsche Telekom for $39 billion"
-http://www.engadget.com/2011/03/20/atandt-agrees-to-buy-t-mobile-from-deutsche-telekom/

I was glancing at AT&T's balance sheet and its current assets are roughly $20 million, of which $1,437,000 is cash. I also looked at they're income statement. Where on earth this it get the $25 billion in cash to pay T-mobile, of which the remaining $14 to be dispersed as dividends? Could AT&T have applied for a such a huge loan?

I'm an accounting major and would like someone to shine some light on this buy out...
 
UPDATE
AT&T has an 18-month commitment for a one-year bank loan to help finance the deal, underwritten by J.P. Morgan for $20 billion. It is the largest financing by the bank for a single deal. AT&T has also committed to pay Deutsche Telekom a $3 billion fee, in addition to handing over some spectrum, if the deal doesn't close. These terms helped AT&T win Deutsche Telekom's support of the transaction, people familiar with the matter said.

-http://online.wsj.com/article/SB10001424052748704433904576212810008230654.html
 
wow, thats crazy man... i can't believe i missed that. On Yahoo Finance the numbers are in millions, but if you read closely at the print above the statement type it reads "in billions"...
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saving electronic paper by reducing zeros i guess.
 
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