Abstract-This invited paper considers a key next step in the design of radio architectures aimed at supporting low energy consumption in 5G heterogeneous radio access networks. Stateof-the-art mobile radios usually require one RF transceiver per standard, each working separately at any given time. Software defined radios, while spanning a wide range of standards and frequency bands, also work separately at any specific time. In 5G radio access networks, where continuous, multiband connectivity is envisaged, this conventional radio architecture results in high network power consumption. In this paper, we propose the novel concept of a concurrent multiband frequency-agile radio (CM-FARAD) architecture, which simultaneously supports multiple standards and frequency bands using a single, tunable transceiver. We discuss the subsystem radio design approaches for enabling the CM-FARAD architecture, including antennas, power amplifiers, low noise amplifiers and analogue to digital converters. A working prototype of a dual-band CM-FARAD testbed is also presented together with measured salient performance characteristics.