5G does not require a new spectrum but it needs it if multiple protocols have to be supported simultaneously.
In wireless communication a frequency acts as a physical communication channel. If a certain protocol uses that frequency it does not mean that no other protocol can use it.
For example wifi uses 2.4 GHz but so does bluetooth, microwave oven, and even satellites [1]
As you can see the underlying physical channel does not care what kind of communication protocol it enables.
However it does put telecom operators on a spot. They are already providing a service on a spectrum. Certain frequencies for edge and gsm. Others for 4G. Now in order to bring 5G they either need to buy license for new spectrum or try to accommodate it in the ones they have already bought.
That is why some telecom companies are decommissioning old protocols so that they can reuse the existing frequency for new technology without paying more fees for acquiring more spectrum.
So yeah you absolutely don't need new frequencies for 5G unless you want to support all mobile communication standards or perhaps hoard on wireless transmission channels to stifle competition.
References
[1]https://en.m.wikipedia.org/wiki/S_band
Akshat Jiwan Sharma
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email:getellobed@gmail.com
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