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AT&T Inc. is spending $23 billion to buy certain wireless spectrum licenses from EchoStar Corp. in a deal announced on Aug. 26.

Dallas-based AT&T will add 50 Mhz of mid- and low-band spectrum to its network with the all-cash transaction, according to an announcement. The licenses being acquired by AT&T cover more than 400 markets across the U.S., encompassing nearly the entire country.

It's the latest deal for AT&T as the giant continues to refocus on its core telecommunications operations following the sale of its stake in DirectTV for about $7.6 billion. AT&T previously announced in May a $5.75 billion deal to buy the consumer fibe

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