Time frames (TFs) are allocated for performance of transactions of a low latency data stream (LLDS) and a best effort data stream (BEDS) in Bluetooth®-like equipment, wherein payload carrying packets of the different data streams are equal in size, each occupying multiple TFs. An overrule mechanism enables uncompleted transactions of one data stream to continue as needed into TFs allocated to another data stream. Every TF within an allocation window (AW) is individually allocated to the LLDS or the BEDS, and plural TFs immediately following the AW form a guard space between adjacent AWs, the guard space being allocated to neither the LLDDS or the BEDS. Configuration of the AW and of the guard space guarantees the LLDS a first opportunity to transmit a payload carrying packet and continued opportunities to retransmit the packet until successful, after which the BEDS is given an opportunity for transmission and possible retransmissions.