In this paper, a novel source signal recovery method for fast time-varying channels described by complex exponential-basis expansion model (CE-BEM) in the impulsive noise environment is proposed. This method consists of two phases. The first phase is the equalization of fast time-varying channels, in this phase, a novel algorithm FSE-FLOS-CMA is proposed. The convergence performance of this newly proposed algorithm is much better than that of existing fractionally spaced equalizer-constant modulus algorithm (FSE-CMA) in impulsive noise environment. In the second phase, a novel frequency estimation method is proposed. The estimated frequency in impulsive noise environment is obtained by calculating a specific p-order fractional low-order cyclic moment of the equalized signal. Simulation results show that the proposed FSE-FLOS-CMA and frequency estimation method can effectively estimate the source signals transmitted through the fast time-varying channels in impulsive noise environment.