We demonstrate the improved modulation properties of a new strained InGaAs/InAlAs MQW electro-absorption modulator. This tensile strained MQW modulator shows low driving voltage (V15 dB = 1.2 V), large modulation bandwidth (f3 dB > 20 GHz), and a 10 Gbit/s eye pattern with a clear eye opening and high extinction ratio. The effective alpha parameter determined from waveform deterioration is 0.6, which is low enough for multigigabit long-haul fiber transmission systems.