This paper analyzed the spectral efficiency (total channel capacity per subband) of randomly-spread synchronous multicarrier code-division multiple-access (MCCDMA) channel subject to frequency-selective fading in the asymptotic regime of number of users and bandwidth going to infinity with a constant ratio for uplink and downlink. The following receivers are analyzed in this paper: a) jointly optimum receiver, b) linear MMSE receiver, c) decorrelator, and d) single-user matched filter.