An all-dielectric coaxial waveguide that can overcome problems of polarizat
ion rotation and pulse broadening in the transmission of optical Light is p
resented here. It consists of a coaxial waveguiding region with a Low index
of refraction, bounded by two cylindrical, dielectric, multilayer, omnidir
ectional reflecting mirrors. The waveguide can be designed to support a sin
gle mode whose properties are very similar to the unique transverse electro
magnetic mode of a traditional metallic coaxial cable. The new mode has rad
ial symmetry and a point of zero dispersion. Moreover, because the Light is
not confined by total internal reflection, the waveguide can guide Light a
round very sharp corners.