Excuse my 'supplementary', but will it carry the 48v supply?
No, there won't be any power on the telephone pair.
As mentioned already the copper isn't going anywhere.
Only PSTN is being closed (phone calls with a dial tone).
Take BT as an example.
Anyone who wants a simple phone only service will be provided with a BT Hub. It will connect as a very low bandwidth connection to either the FTTC cabinet or to the exchange.
The phone gets plugged in to the hub.
They have thought about capacity. Millions will be forced on to FTTP easing capacity in the FTTC cabinets.
Where necessary they can increase capacity on cabinets.