This document provides an overview of 700MHz spectrum including its commercial status, main frequencies by region, and why it is important for 5G networks. Key points include: - 700MHz spectrum is being cleared for mobile use in many regions to meet targets by 2020-2027 for coverage including rural areas. - It can provide widespread coverage due to favorable propagation characteristics and is essential for applications requiring ultra-reliable communications like IoT. - Technical challenges in deploying 5G include adding new spectrum and radios to existing sites which risks exceeding space and wind loading limits. Solutions like antenna combiners and remote radio heads help overcome these challenges cost effectively.