Provided are a system and method of estimating channels for a plurality of multicarrier signals in a wireless receiver. A receiver accepts a plurality of multicarrier signals, transmitted simultaneously from a plurality of transmitters, with overlapping carrier frequencies and nominally orthogonal reference signals. For each multicarrier signal, a reference signal is recovered including a plurality of adjacent subcarrier frequencies carrying predetermined symbols. A channel estimate is found across the plurality of adjacent subcarrier frequencies, for each multicarrier signal channel, by compensating for a loss of orthogonality between reference signals, in response to assuming a linear phase rotation for each channel across the plurality of adjacent reference signal subcarriers, and a constant amplitude for each channel across the plurality of adjacent reference signal subcarriers. More explicitly, the assumption of linear phase rotation and constant amplitude permits a Direction of Arrival (DoA) algorithm to be used.