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We experimentally compare the performance of two commercially available vertical-cavity surface-emitting laser diodes (VCSELs), a multi-mode 850-nm and a single-mode 1550-nm, exploiting on–off keying/direct detection (OOK/DD), and orthogonal frequency division multiplexed (OFDM) quadrature phase-shift keying (QPSK)/16-ary quadrature amplitude modulation (16QAM) with direct detection, over SMF (100m and 5km) and MMF (100m and 1km) short-range links, for their potential application in low-cost rack-to-rack optical interconnects. Moreover, we assess the performance of quaternary-pulse amplitude modulation (4-PAM), for the 1550-nm transmitter over SMF and MMF links and we compare it to the data-rate equivalent NRZ-OOK. The extensive performance comparison under various transmission scenarios shows the superiority of 1550-nm single-mode VCSEL compared to its multi-mode 850-nm …