We present an eight‐port homodyne receiver implemented in free space technology for detection of weak coherent states that carry binary information. For transmitted power economy, we use suppressed‐carrier modulation, therefore, we have implemented an optical Costas‐loop‐type carrier synchronizer. We obtain the quasiprobability Q function from the in‐phase and quadrature observables that are simultaneously measured. Statistical results for the quadrature components are presented. We perform measurements for the bit error rate and the mutual information between transmitter–receiver. The results show that the proposed setup is suitable in quantum communications and continuous variable quantum key distribution systems. © 2013 Wiley Periodicals, Inc. Microwave Opt Technol Lett 55:2431–2437, 2013