Methods and apparatus are described for modulating an optical signal using electroabsorption in conjunction with an optical interferometer. Phase-shift keying modulation can be achieved with lower amplitude modulator drive signals than conventional methods by splitting the signal to be modulated into multiple optical modes and interferometrically combining the modes after modulating at least one of the modes with an EAM. Using the present invention, the extinction ratio performance of ASK can be significantly improved for a given drive voltage or a desired extinction ratio can be achieved with a substantially lower drive voltage. Hence, the elecro-optic bandwidth of EAMs can be enhanced by overcoming the trade-off relationship between extinction ratio and bandwidth. Furthermore, the present invention can be used to generate other modulation formats, such as QPSK or QAM, with much lower drive voltages, thereby reducing the cost and power consumption of the high-speed drive electronics for the modulation.