The document discusses new challenges in modeling 5G networks, including: 1) The need for more realistic channel, deployment, propagation, traffic and mobility models to accurately reflect real 5G scenarios. 2) Developing new physical layer abstractions to simulate new waveforms like FBMC and UFMC. 3) Modeling massive MIMO systems with tens to hundreds of antennas at both the transmitter and receiver. 4) Developing channel models for higher millimeter wave frequency bands with larger bandwidths. 5) Properly modeling interference between cellular and device-to-device links that reuse physical resources.