© 2015 Viajes el Corte Ingles, VECISA. A real-time 5×21.6 Gbit/s WDM electro-optical transceiver is presented. Optical carriers were spaced by 20 GHz and each one transmitted four orthogonally overlapping broadband subcarriers. Only analogue electronics were employed, achieving an unprecedented spectral efficiency in DSP-less SCM links.