An optical system having an optical fiber path suitable for propagating an optical signal at least in a first direction, and a plurality M of optical amplifiers disposed along the optical fiber path so as to divide the optical fiber path in N spans of optical fiber. The spans of optical fiber all have substantially a length L.sub.amp and have at least one transmission optical fiber having an effective length L.sub.eff. An optical phase conjugation device is associated to one of the amplifiers of the plurality of amplifiers and is disposed in combination with a dispersion compensator. The compensator is disposed upstream from the amplifier associated to the optical phase conjugation device and is adapted for introducing an accumulated dispersion such as to substantially compensate the dispersion accumulated in a portion having a length (L.sub.amp-L.sub.eff) of the span immediately upstream from the amplifier associated to the optical phase conjugation device.