Abstract-Facing the increasing energy demands associated with the perspective of fifth generation (5G) wireless networks, the Mobile Network Operators (MNOs) are motivated to gradually convert their traditional Radio Access Network (RAN) infrastructure to more flexible and power efficient centralized architectures, i.e., Cloud-RAN (C-RAN). Apart from their promising benefits in terms of management and network optimization, these new architectures further enable the sharing of spectrum and network elements, such as the Remote Radio Heads (RRHs) and the Baseband Units (BBUs), among multiple operators. In this paper, we introduce a novel scheme based on coalitional game theory to identify the potential room for cooperation among different MNOs that provide service to the same area. The proposed scheme sets the rules for profitable collaboration and identifies the core formation conditions (i.e., pricing) for various scenarios with different market and spectrum shares among three operators. Our results show that i) cooperation among subcoalitions of MNOs is always beneficial, yielding both higher revenues and enhanced Quality of Service (QoS) for the end users, and ii) the cooperation of all operators (grand coalition) is profitable for given user pricing in different scenarios.