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Wireless network virtualization (WNV) and cloud radio access networks (CRANs) are promising technologies with the potential to be game changing for the fifth generation (5G) wireless networks. In particular, these technologies may have significant impact on the capital expenditure, quality of service provisioning, as well as spectral efficiency in 5G networks. These two technologies are mostly considered separately in previous works. This paper, however, investigates both the gains and requirements of integrating WNV with CRAN. In this paper, we propose WNV schemes for CRAN, where the objective is to maximize the overall system throughput and minimize delay. The proposed schemes are designed to maintain a high level of isolation between mobile network operators (MNOs), which allows the deployment of different scheduling polices by different MNOs, and managing intercell interference, which may …