The paper presents a method of selecting an optical channel for transporting the double-sideband radio-frequency-over-fiber (DSB-RFoF) radio signal over the optical fronthaul path, avoiding the dispersion-induced power penalty (DIPP) phenomenon. The presented method complements the possibilities of a short-range optical network working in the flexible dense wavelength division multiplexing (DWDM) format, where chromatic dispersion compensation is not applied. As part of the study, calculations were made that indicate the limitations of the proposed method and allow for the development of an algorithm for effective optical channel selection in the presence of the DIPP phenomenon experienced in the optical link working in the intensity modulation–direct detection (IM-DD) technique. Calculations were made for three types of single-mode optical fibers and for selected microwave radio carriers that are used in current systems or will be used in next-generation wireless communication systems. In order to verify the calculations and theoretical considerations, a computer simulation was performed for two types of optical fibers and for two selected radio carriers. In the modulated radio signal, the cyclic-prefix orthogonal frequency division multiplexing (CP-OFDM) format and the 5G numerology were used.