A buoyant cable antenna system includes an HF antenna section connected to an outboard end of a VLF/LF antenna. With respect to the HF antenna, the VLF/LF appears to be a standard coaxial cable so that the HF antenna can be configured as desired for HF antenna operation. The VLF/LF antenna is comprised of a segment of coaxial cable. The inboard end of the braided outer conductor of the segment of coaxial cable is connected to ground through a capacitor so that the VLF/LF signals are effectively isolated from ground. In this way, VLF/LF currents are induced on the outer braided conductor of the segment of coaxial cable to thereby operate as the VLF/LF antenna.