A transceiver system is configured to concurrently send TX signals and receive RX signals on an antenna system in the same frequency band. A bi-directional frequency converter circuit modulates the TX signals and RX signals by a modulation frequency. The modulated TX signals and RX are frequency shifted so that they have different frequencies that are not in the same frequency band. For example, the TX signal may be shifted to a higher frequency and the RX signal may be shifted to a lower frequency. Filters can then be used to isolate the TX signal and the RX signal for transmission and/or processing.