Apparatuses, methods, and systems for precoding multi-carrier signals are disclosed. One method includes obtaining a transmission channel matrix between a terminal and a plurality of separate users, wherein the transmission channel matrix includes channel estimates for a plurality of subcarriers of the multi-carrier signal, wherein the terminal is one of a plurality of terminals interfaced with a central processing unit, and wherein the terminal communicates with the plurality of spatially separate user with the multi-carrier signals. The method further comprises determining a precoding for the terminal based on a distribution of user signal power across the transmission channel between the terminal and the plurality of spatially separate user, and determining a precoding for the central processing unit based on the precoding for the terminal and based on the transmission channel matrix, wherein a precoding matrix for the central processing unit is multi-carrier signal dependent.