An apparatus for simultaneous OTDM demultiplexing, electrical clock recovery and optical clock generation, and optical clock recovery using a traveling-wave electroabsorption modulator. The apparatus includes a TW-EAM and a PLL coupled thereto. The TW-EAM includes a first, a second, a third, and a fourth. The first port is used for an optical input and the third port is used for optical output. The second port is coupled to an input, and the fourth port is coupled to an output, of the PLL. When the first port receives optical input, the second port produces a photocurrent to be applied to the PLL, and the fourth port receives a recovered clock produced by the PLL, and the third port produces demultiplexed data and an optical clock. Using the same configuration, the apparatus produces a recovered optical clock signal.