In accordance with an embodiment, a method of operating a multi-output wireless transmitter includes determining a precoded data stream based on input data, where the determining includes determining a signal to interference plus noise ratio (SINR) of a plurality of receivers, determining a channel gain to each of the plurality of receivers, and maximizing a sum of utility functions, wherein each utility function is proportional to the SINR of each of the plurality of receivers at low SINR values and asymptotically approaches a constant value at high SINR values. The precoded data stream is transmitted on the multi-output wireless transmitter.