This document discusses spectrum needs for 5G mobile networks. It notes that 5G will require a combination of existing licensed mobile spectrum bands as well as new bands, including millimeter wave bands above 20GHz, to deliver the enhanced capabilities of 5G. The document reviews candidate millimeter wave bands being studied by the ITU for global harmonization for 5G. It stresses the importance of securing a regulatory environment in Europe and nationally that incentivizes long-term investments and innovation in 5G networks and spectrum.