Future generation mobile communications running on mm-wave frequencies will require great robustness against frequency selective channels. In this paper, we evaluate the transmission performance of 4.9 Gb/s wavelet-coded orthogonal frequency division multiplexing (OFDM) signals on a 10 km fiber plus 58 m wireless radio-over-fiber link using a mm-wave radio frequency carrier. The results show that a 2 × 128 wavelet-coded OFDM system achieves a bit-error rate of 1e-4 with nearly 2.5 dB less signal-to-noise ratio than a convolutional coded OFDM system with equivalent spectral efficiency for 8 GHz-wide signals with 512 subcarriers on a carrier frequency of 86 GHz. Our findings confirm the Tzannes' theory that wavelet coding enables high diversity gains with a low complexity receiver and, most notably, without compromising the system's spectral efficiency.