A coaxial cable having a tape with a metal deposited thereon which is wound over a laterally wound shielding layer which is, in turn, formed over an insulation layer about the conductor. The tape includes a plastic tape and a metal layer deposited on the plastic tape, and the tape is disposed such that the metal layer is in contact with the laterally wound shielding layer. Improved high frequency shielding characteristics are obtained using this structure without sacrificing cable flexibility.