Hi;
Consider a coaxial cable, there are two conductors, outside shielding and inside dataline. Between them there is isolator. This is a simple capacitor. And any capacitor filters/distorts after a certain frequency range (consider reactance of a capacitor 1/wC). This parasitic capasitor determines your channel bandwidth. Above those frequencies your data will be highly distorted and cannot be recovered. So your signal bandwith should be within the channel bandwitdth.
Hope clears your mind.