DSL:
Digital Subscriber Line
Assuming your phone line is up to specification, yes it does use the same wire for both voice and data.
DSL does have distance limits from the central switch that services your phone line.
The farther you are from the switch, the slower the DSL connection speed.
In some instances, the service provider may need to run a separate line to provide DSL service.
This can be done to shorten the distance between the installation and the switch, or to bypass a fiber-optic link. (DSL only works on copper wire)
Whether it be Dial-Up, DSL, or Cable, the "DATA" signal is an analog signal modulated to transmit digital data.
DSL can add a high frequency noise, sort of like holding a sea shell to your ear, tothe analog line.
That is why you need to install DSL filters on your phone lines.
I installed a POTS / DSL splitter which does an even better job.
(POTS Plain Old Telephone System)
Chas