A radio link with two communicating transceivers each having a 
system for isolating incoming and outgoing radio signals to permit simultaneous transmit and receive by each 
transceiver on the same frequency or in the same frequency range. This is done so that in-coming receive signals received by each of the transceivers from the other 
transceiver is much stronger than the portion of its own transmitted 
signal that is coupled back into its antenna. The invention uses a special 
electronic circuit, termed the iso-
circulator, to couple the antenna to both the co-located 
receiver and the 
transmitter. The iso-
circulator circuit includes a simulated antenna load with an impedance matched to the 
antenna impedance. The circuit also includes a 
transformer with its primary side fed asymmetrically by the antenna so that it can pass the desired receive 
signal with minimum attenuation. The 
transformer's primary is on the other hand fed symmetrically from both sides by equally small portions of the transmit power from the co-site 
transmitter, but these signals are 180 degrees 
out of phase and cancel almost completely in the 
transformer.