Abstract: A frequency synthesizing circuit has an input on which a bit flow is received, and an output on which a data-modulated output signal is supplied. The circuit moreover comprises a crystal oscillator supplying a reference clock signal, a phase-locked loop (PLL) having a VCO and a phase detector. The phase detector compares the data-modulated output signal with the reference clock signal and, in response to this, supplies an error signal by means of which the VCO output frequency is controlled. A compensation circuit, which receives a measure of the bit flow received, compensates the data-modulated output signal in the phase-locked loop in response to this before it is supplied to the phase detector.