In this paper, we propose a cost-effective wavelength-reused mode-division-multiplexing (MDM) system for high speed symmetrical bidirectional mobile fronthaul application. At the base band unit (BBU) pool, one of the spatial modes is used to transmit signal carrier while the others are used for downstream (DS) signal channels. At the remote radio unit (RRU) side, the signal carrier is split and reused as modulation carrier for all the upstream (US) signal channels after mode demultiplexing. Thanks to the low mode crosstalk characteristic of the mode multiplexer/demultiplexer (MUX/DEMUX) and few-mode fiber (FMF), the signal carrier and each signal channel can be effectively separated. The spectral efficiency (SE) is significantly enhanced when multiple spatial channels are used. Compared with other wavelength reused scheme in which the downstream and upstream be modulated in orthogonal dimension, the modulation format of both directions are independent in the proposed wavelength reused MDM system. Therefore, it can easily achieve symmetrical bidirectional transmission without residual re-modulation crosstalk. The proposed scheme is scalable to multi-wavelength application when wavelength MUX/DEMUX is utilized. With the proposed scheme, we demonstrate a proof of concept intensity modulated 4 × 25-Gb/s 16-QAM orthogonal frequency division multiplexing (OFDM) transmission over 10-km FMF using low modal-crosstalk two-mode FMF and MUX/DEMUX with error free operation. The downstream receiver sensitivity is -21 dBm while the upstream receiver sensitivity is -18 dBm for bidirectional transmission. Due to the Rayleigh backscattering and other spurious reflections, the upstream suffers 2 dB power penalty compared with unidirectional transmission without downstream. To mitigate bidirectional transmission impairments, we propose a simple and effective method to suppress Rayleigh backscattering by shifting the downstream subcarrier frequency. A receiver sensitivity improvement of up to 2.5 dB is achieved for upstream with different downstream power.