The NGMN Alliance has released a white paper on the spectrum licensing and regulatory issues for 5G. The paper provides an overview of the challenges and opportunities associated with 5G spectrum licensing and regulation. It highlights the importance of spectrum sharing and the need for a flexible regulatory framework to support the deployment of 5G networks. The paper also discusses the potential impact of 5G on the economy and society, and the importance of collaboration between industry and government to ensure a successful transition to 5G. Overall, the white paper provides valuable insights into the spectrum licensing and regulatory issues for 5G and serves as a useful reference for policymakers, industry leaders, and researchers.