A novel clock synchronization mechanism for recovering and distributing a centralized clock source synchronously over asynchronous networks such as optical Ethernet. A clock conversion scheme is provided whereby multiple clocks having diverse rates are converted to clock signals all having a common rate. One of the converted clocks is chosen and all downstream clock signals is derived from this clock. A high quality clock source located anywhere on the network is distributed throughout the network thus turning an asynchronous Ethernet network into a synchronous one. Synchronous TDM data streams can then be easily transported over the Ethernet network.