Timing asynchronism strongly degrades the performance of analog network coded (ANC) bi-directional transmission. This letter investigates receiver design for asynchronous broadband bi-directional transmission over frequency selective fading channels. Based on time domain oversampling, we propose fractionally spaced frequency domain minimum mean square error (MMSE) equalizers for bi-directional ANC based on orthogonal frequency division multiplexing (OFDM) and cyclic prefixed single carrier (CP-SC) radio access. Simulation results show that the proposed fractionally spaced equalizer (FSE) can eliminate the negative effect of timing misalignment in bi-directional transmissions.