The virtualisation of Radio Access Networks (RANs) is one of the goals in designing 5G mobile networks. This paper aims at presenting a proof of concept for the virtualisation of radio resources using Open Air Interface (OAI), a software-based Long-Term Evolution (LTE) eNodeB physical emulator. OAI was extended to support multi-tenancy, representing diverse Virtual mobile Network Operators (VNOs) with different Service Level Agreements (SLAs). A comprehensive analytical model for managing the virtual radio resources has been proposed, with two key parts: estimation of available radio resources and their allocation to different VNOs. The estimation is performed by the model, and the allocation is managed by OAI scheduling. Various scenarios and use cases are studied in this virtual RAN environment, network performance being evaluated for different situations, by varying guaranteed levels, serving weights, and used services. Results show that the proposed approach offers almost the same capacity to guaranteed VNOs regardless of other existing VNOs, experiencing at worst a degradation of 32% of its initial allocated data rate, without violation of the guaranteed data rate. The data rate allocated to best effort VNOs may decrease up to 7% of its initial value, which is acceptable, to guarantee other more demanding SLAs.

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