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This paper investigates the applicability of multiple-input-multiple-output (MIMO) technology to broadband fixed wireless access (BFWA) systems operating in the 10-66 GHz frequency range. In order to employ the MIMO principle at these frequencies, the spatial channel benefits that may arise from the rainfall spatial inhomogeneity are more relevant since multipath is insignificant. Therefore, a special MIMO/BFWA channel may be implemented if every subscriber is equipped with multiple antennas and communicates with multiple base stations. The exact relationship between conventional MIMO and the proposed 10-66 GHz MIMO/BFWA channels is established. Then, emphasis is put on two different topics from the field of MIMO applications: (i) capacity enhancement for spatial multiplexed MIMO/BFWA systems; and (ii) interference reduction for MIMO/BFWA diversity systems employing receive antenna selection. More specifically, in the first case, a communication-oriented single-user capacity analysis of a 2 times 2 MIMO/BFWA spatial multiplexing system is presented, the relevant optimal power allocation policy is explored and useful analytical expressions are derived for the outage capacity achieved in the asymptotically low and high SNR regions. The effect of feedback on the capacity is investigated and quantified through Monte Carlo simulations. In the second case, a 2 times 2 MIMO/BFWA diversity system with receive selection combining is considered and its efficiency to mitigate intrasystem/intersystem cochannel interference over the downstream channel is studied from a propagation point of view. A general analytical prediction model for the interference reduction obtained by such a 2times2 MIMO/BFWA diversity system is presented along with a numerical validation.