In practice, the user has no control over the frequency band that the VP2 wireless uses and so you can't set it to ignore a particular part of the band. In any event, pretty much all of the wireless spectrum is allocated to specific uses and even if it were possible to avoid say the GSM band then the transmitter would still technically be operating illegally by transmitting on frequencies that it's not licensed to use.
I don't know for sure about multi-band mobile phones, but I assume in a nutshell what happens is that before initiating any transmission they must first listen to what frequencies are in use in the locality (or to pick up a signal that contains this information), which then tells them which frequency bands it's OK to transmit on.
For the record, the EU VP2 stations definitely do frequency hop, albeit on a small frequency range, and their transmit power is AFAIK no different from the US models. (Don't be misled by the licence-free declarations - these are simply stating conformity with the published regulations, not what transmit power is actually used.)