This work presents a Radio-over-Fiber architecture for Cloud Radio Access Networks (CRAN) based on polarization division multiplexing for delivering up-converted high-speed data signals using a single laser-photodetector pair and free of polarization tracking devices. This system enables the allocation of data signals in two different bands defined as low-frequency (5–25 GHz) and high-frequency (55–65 GHz) millimeter waves (mmWave). Polarization multiplexing ensures minimal crosstalk when data signals are photonically up-converted while providing all-optical inter-band switching capabilities. Proof-of-concept experiments have been performed by simultaneously transmitting NRZ and multi-carrier modulated (Discrete Multitone - DMT) data signals over a radio-over-fiber link consisting of 1 km of standard optical fiber and radio transmission in the 7.5 GHz (wired) and 60 GHz (wireless) bands, respectively, with an estimated potential total throughput of at least 7.5 Gbps when considering the transmission of NRZ signals in these mmWave carriers. Results exhibit a BER below the FEC limit of 3.8 × 10−3 in all cases analyzed when the received optical power at the remote radio head (RRH) is above −4 dBm. The reduced number of components and versatility of this implementation provide a cost-effective solution for delivering and switching high-speed data signals in RF fronthaul for future 5G/6G communications.