According to an embodiment, a receiver, system and method for channel estimation in a communications system utilizing multiple transmit antennas are provided. The receiver comprises an antenna node operable to receive a signal that includes a superposition of at least a first signal corresponding to a first sequence and a second signal corresponding to a second sequence; and a channel estimator, coupled to the antenna node, operable to correlate the received signal with at least one of the first and second sequences, to determine at least one boundary between at least two waveforms resulting from the correlation, and to calculate using the boundary and the at least two waveforms a first channel response corresponding to the first signal and a second channel response corresponding the second signal. Channel estimates are determined based on determined boundaries and may be smoothed by a Savitzky-Golay filter in the frequency domain. The variance of additive white Gaussian noise (AWGN) may also be estimated.