Yes, it uses phased locked loops and measures phase difference between the master clock and the local clock.
Similar to the much smaller scale Wi-Wi setup that was on HN a few days ago (which came after WR): https://news.ycombinator.com/item?id=48209055
Similar to the much smaller scale Wi-Wi setup that was on HN a few days ago (which came after WR): https://news.ycombinator.com/item?id=48209055