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nRF9160 NB IoT

We were evaluating nRF9160 for IoT project. Wanted to know more about NB IoT

1: Does NB IoT support both 4G and 5G?

2: I have the following understanding , please correct me if I am wrong:

A: nRF9160 works on LTE-M and NB-IoT, LTE-M is only 4G and NB IoT is only 5G network

B: Only change in the firmware is required to operate in LTE-M or NB IoT and no change in hardware is necessary

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