The document discusses multiplexing, a method of combining multiple information streams for efficient transmission over a shared medium, which includes mechanisms such as multiplexors and demultiplexors. It details different types of multiplexing including frequency division multiplexing (FDM) and time division multiplexing (TDM), highlighting their advantages and applications in digital telephony and data communications. Additionally, the document touches on the concepts of synchronous and statistical TDM, addressing synchronization needs and potential inefficiencies during data transmission.