PC peripheral used in the days of dialup connections (5)
I believe the answer is:
modem
'pc peripheral' is the definition.
(I've seen this in another clue)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for modem that I've seen before include "Digital-analogue converter" , "Device for connecting two computers" , "PC/telephone link" , "Internet connection" , "Device used with computer" .)