A 4-PSK microstrip modulator operating at data rates of up to 800 Mbits/s at 12 GHz is described. The circuit is made of two cells in series. Each cell consists of a 3-dB branch-line hybrid coupler and two BTL p-i-n diodes. One cell provides 0° or 90° phase shifts, and the Other 0° or 180° phase shifts, so that four carrier phase values are obtained by appropriately exciting the two cells. The switching time of each cell is 200 ps. Simultaneous switching of both cells increases the switching time to a maximum value of 400 ps. The phase waveforms are nearly rectangular at the above-mentioned data rates. RF insertion loss is 1 dB ± 0.1dB for the four phase values over the 11.7-12.2 GHz frequency band.