From Nanocom website..
INPUT ABS
• Sensor - Front Right, Front Left, Rear Right, Rear Left: This shows the DC Voltage for the wheel speed sensor. Expected values are between 2.0 to 2.4 Volts. The wheel speed sensors are different to the conventional wheel speed sensors used on other Land Rover products. Conventionally, wheel speed sensors have an interference fit with the hub or back plate. This positions the sensor close to a reluctor ring. The sensors used on New Discovery series II are incorporated into the inboard wheel bearing, on both front and rear hubs. This bearing assembly is a sealed unit and has no replaceable parts. Also different is the wire from the wheel speed sensor. Land Rover has, historically used a wheel speed sensor employing a signal wire inside a shielded earth wire. The New Discovery series II wheel speed sensors have a twisted pair of wires. This offers some electrical advantages over two straight wires. Such as the signal being less susceptible to electrical noise or interference and it generates less electrical noise, the wires can also be balanced together (similar electrical properties) to ensure voltage losses are minimized. Like a conventional wheel speed sensor, the signal created is an AC sine wave. This wave is generated in the inductive sensor by a sixty-tooth reluctor, machined into the wheel bearing inner race. The frequency of this signal supplies the SLABS ECU with the information it needs to determine the speed of the individual wheels and is used in the calculation of vehicle speed or vehicle reference speed.