This document discusses synchronous and asynchronous time division multiplexing (TDM). It explains that synchronous TDM uses preassigned, fixed time slots that can result in wasted bandwidth. Asynchronous TDM allows dynamic allocation of time slots, reducing waste by filling frames only as needed. It also describes how telephone companies implement digital signal services like DS-1 and DS-3 through a hierarchy of T carrier lines like T-1 and T-3 that precisely match the data rates of the digital services.