The document discusses small cell network virtualization and next steps. It finds that current small cell architectures are well-suited for virtualization using FAPI MAC/PHY decomposition. Virtualization can deliver benefits like centralization, transport cost reduction, and elastic scaling. It also enables a phased roadmap aligned with 5G. The Small Cell Forum is defining an nFAPI specification to accelerate multi-vendor PNF/VNF interoperability and laying the foundations for virtualized small cell deployments.