An optical fiber transmits at least a signal light having a wavelength of 1550 nanometers in a fundamental propagation mode. The optical fiber has, a cutoff wavelength equal to or longer than 1550 nanometers, a wavelength dispersion of 4 ps/nm/km to 7 ps/nm/km in the fundamental propagation mode at the wavelength of 1550 nanometers, a dispersion slope of a positive value equal to or smaller than 0.03 ps/nm.sup.2/km in the fundamental propagation mode at the wavelength of 1550 nanometers, an effective core area equal to or larger then 60 .mu.m.sup.2 in the fundamental propagation mode at the wavelength of 1550 nanometers, and a bending loss equal to or smaller than 20 dB/m with a winding of 16 turns at a diameter of 20 millimeters in the fundamental propagation mode at the wavelength of 1550 nanometers.