Rest of world<--- digital--->Telco<---digital--->ISPmodem<---analog--->HomeModem
Suppose you're saying that the link between the ISPmodem and the HomeModem is a bare unfiltered copper wire. In that case, I have a different question: Couldn't you send data at megabits per seconds over a mile long copper wire without using modems at all (using just UARTs?).
[1] https://www.bloomberg.com/news/articles/2026-05-11/sutskever...