A switching physical layer (PHY) device comprises a first termination network, a switching transmitter, and a switching receiver. The first termination network communicates with a first network connector. The switching transmitter includes first and second outputs, which communicate with the first termination network and a second termination network, respectively. The switching transmitter selectively outputs a transmit signal to a selected one of the first and second termination networks based on a control signal. The switching receiver includes first and second inputs, which communicate with the first and second termination networks, respectively. The switching receiver receives a receive signal from the selected one of the first and second termination networks.