The fundamental mode of an ideal coaxial cable is a transverse electromagnetic mode: the electric field is radial between the conductors, the magnetic field is azimuthal, and energy flows along the cable through the dielectric. There is no cutoff for this mode; higher modes, conductor losses and dielectric dispersion can matter outside the ideal transmission-line regime.
Ignoring edge fields in the parallel-strip geometry, and . Per unit length the charge is and the linked magnetic flux is . Thus the parallel-plate transmission line has
For a segment , charge conservation, equivalently the appropriate integral of the Ampère-Maxwell equation, gives . Applying Faraday's law around a longitudinal rectangle between the plates gives . These are the lossless telegrapher's equations,
Differentiate the second with respect to and use the first, and conversely for :
The signal speed is , equal to for a vacuum-filled line. It is the speed of the coupled electromagnetic disturbance, rather than the electron drift velocity. Electrons locally adjust their motion as the field arrives; one electron need not travel the cable's length to transmit a signal. The Poynting vector in the dielectric integrates to power .

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