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The key challenges in live video multicasting include how to properly form multicast groups, select video versions and allocate wireless resources, in order to guarantee the quality of experience (QoE) while ensuring low latency delivery. To address these challenges, in this paper, a novel multicast framework that leverages the advantages of network-assisted dynamic adaptive streaming over HTTP and cloud radio access networks is proposed, where a multicast assistant server is deployed at the edge of a mobile network. Under this architecture, a joint user grouping, version selection, and bandwidth allocation method is designed to optimize the sum of users’ utilities. In particular, a two-step scheme is proposed to solve this complex problem. The number of multicast groups is first automatically determined and a user clustering method is presented. Then, group-level version selection and spectrum assignment algorithms are performed at different time scales. Simulation results demonstrate that our proposed scheme can improve at least 7% QoE compared to baseline methods. [ABSTRACT FROM AUTHOR]