This paper describes the improvement of broadband radio channel characteristics using a MMSE adaptive equalization technique as a fundamental study of high transmission rates in indoor radio channel. First, the performance of 16-QAM system that employs a MMSE linear adaptive equalizer in Rayleigh fading channel is analyzed. Next, in order to improve broadband radio channel characteristics, we apply an adaptive equalization technique employing the MMSE algorithm to the radio channel measured by using circularly polarized antenna under indoor NLOS(non-line-of sight) environment. Consequently, for 16-QAM with adaptive equalizer, we can achieve the improvement of about 13 dB at $10^{-3}$ error rate as compared with general 16-QAM. Moreover, it was found that the adaptive equalization technique could improve broadband radio channel characteristics over the all measured areas. Also, it was found that the employing both adaptive equalization and polarization diversity technique together could improve broadband radio channel characteristics and reduce fading more effectively.