I just chatted with a rep and got this:
Courtney: Hello. Thank you for visiting our chat service. May I help you with your order today?
Ben: Yes, I'm a little confused about what "Global Ready" means on your order page for the Galaxy Note II
Courtney: I'd be happy to assist you.
Courtney: That means this phone can be used internationally.
Courtney: Are you a new customer./
Ben: No, existing. Does that equate to GSM bands?
Ben: I would like to use the phone on my trips to Germany is why I'm asking. I used to have a Touch Pro 2 that worked great over there.
Courtney: Yes it will.