A system to distribute accurate time and/or frequency over a network utilizing signals of opportunity transmitted by one or more local transmitters with known locations, the system includes a base receiver with a clock synchronized to a reference time scale such as GNSS or UTC time that saves a series of samples of the signals of opportunity and time tags the series with a calculated time of broadcast. A remote receiver saves samples of the signals of opportunity and correlates the series with the saved samples. The remote receiver calculates a time of transmission of saved samples that correspond to the series, determines a time offset as a difference in the time of broadcast calculated at the remote receiver and the time of broadcast calculated at the base receiver, and determines the time offset with respect to the base receiver. The base receiver further or instead phase locks to the signal opportunity and at predetermined intervals determines phase measurements of the integrated carrier frequency of the signal of opportunity and provides the phase information to the remote receiver. The remote receiver, which is also phase locked to the same signal of opportunity, uses the phase measurement information to frequency lock its clock to the base receiver clock by determining a frequency error based on the rate of change of phase measurements made at the base receiver and the remote receiver.