Recent studies on growth of telecomm sector depict an ever rising demand for high bandwidth applications such as on-line gaming, high definition television and many more. This demand is coupled with increase in internet connected utilities per house hold - each requiring a portion of bandwidth. The fast development of broadband telecommunication services calls for an upgrade of access infrastructure. This challenge could be met by technologies such as Fiber-To-The-Home/Building (FTTH/B) point-to-multipoint (P2MP) optical access networking. Further, FTTH is also widely regarded as a future proof solution for broadband telecommunication services within scientific and industrial sectors. This has encouraged large amount of research and development throughout the globe to find optimal topologies for FTTH. OFDM based optical access network topology abbreviated as OTONES is an ongoing EU FP 7 project under the PIANO+ framework. The OTONES project addresses the next generation optical access networking on the basis of Orthogonal Frequency Division Multiplexing (OFDM) and Orthogonal Frequency Multiple Access (OFDMA), with special provision for reduced complexity and signal processing aspects of the subscriber side terminals (ONUs). This thesis focuses on the theoretical investigation of OFDM based optical access network topology OTONES. The thesis provides an in depth view of the salient aspects of the topology and formulates the key requirements of OTONES topology. The investigation primarily delves on two important aspects of the topology. First, finding the optimal analog circuitry for the optical network unit (ONU). Second, finding the optimal operation regime for the topology and hence optimizing the system level concept. In this thesis, we show that the requirement of an analog circuitry originates from the need of successive up-conversions in OTONES topology which also produces image spectrum. This image spectrum causes a 3 dB loss in power and spectral efficiency in absence of a proper image rejection circuitry. Thus, we discuss the generic SSB generation methods for efficient image rejection. Novel Bedrosian method based on Bedrosian Theorem is established as a promising method for image rejection. We show that this method is an analog implementation of Hilbert Transform Method and does not involve any approximation. Both generic methods for SSB along with the Novel Bedrosian method are evaluated based on the criterion established for OTONES topology. Finally, optical filtering from the set of generic SSB method is proposed for the downstream path and Novel Bedrosian method is proposed for the upstream path. The tolerance limits for Novel Bedrosian method, are also established for its physical implementation. We further discuss the realistic implementation of various components of the OTONES topology. We also establish the optimal operation regime of the full concurrent topology based on parameters such as input optical power, pilot tone separation and many more. Finally as a key feature of the thesis, we optimize the system level concept of the topology with the use of the proposed Novel Bedrosian Method as the optimal analog circuitry for OTONES topology and provide a region of optimal operation of the topology.