A pulse code modulated communication system is disclosed for transmitting two subcarrier modulated carriers from a single transmitter comprising two channels for phase modulating the two carriers independently. The modulating subcarriers are independently modulated by data and/or pseudonoise (PN) codes as desired. The modulated carriers are switched alternately to the single transmitter in synchronism with operation of a PN code generator when PN code modulation is present, as for ranging
