The present invention relates to a cable jacket composition comprising a multimodal olefin copolymer, said copolymer having density of 0.935-0.960 g/cm3 and MFR2 of 2.2-10.0 g/10 min and said composition having ESCR of at least 2000 hours and a cable shrinkage of 0.70% or lower. The invention further relates to the process for preparing said composition and its use as outer jacket layer for a cable, preferably a communication cable, most preferably a fiber optic cable.