We investigate experimentally the nonlocal phase modulation of multiple-frequency-mode, continuous-variable entangled twin beams. We use a pair of electro-optical phase modulators to modulate the entangled probe and conjugate light beams produced by four-wave mixing in hot Rb vapor. A single phase modulator in either one of the twin beams reduces the two-mode squeezing signal, and we find that the modulations interfere nonlocally to modify the beam correlations. The nonlocal modulation of the beams can produce quantum correlations among frequency modes of the multimode fields.