Embodiments of the invention are generally directed to multiple protocol tunneling using time division operations. An embodiment of an apparatus includes an interface for communication with a second apparatus, the interface including a shared communication link; and a multiplexer to multiplex data of each of multiple protocols into time slots for transmission, the protocols including a first protocol. The time slots are distributed among the protocols, where the distribution of the time slots among the protocols includes assigning one or more time slots to the first protocol to enable the data of the first protocol to meet one or more performance requirements for the first protocol.