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We propose and demonstrate a novel colorless tunable optical dispersion compensator (TODC) consisting of a Mach-Zehnder interferometer (MZI) connected to an ar- rayed-waveguide grating with a thermooptic lens. The MZI approximately doubles the magnitude bandwidth at large dispersion settings. We demonstrate compensation of a 43-Gb/s nonreturn-to-zero signal dispersed over a range of -844 to + 1700 ps/nm. To our knowledge, +1700 ps/nm is the largest demonstrated dispersion compensation amount of a 40-Gb/s signal with a single TODC.