This definitely used to be possible with the first 3G modems, I guess you'll have to try it and see.
Have a look at the 3GPP technical specification 27.007 (AT command set for User Equipment), in particular the section 'HSCSD device parameters +CHSD'.
http://www.3gpp.org/ftp/Specs/latest/Rel-10/27_series/
You'll probably need to use some of the above commands in your modem initialization string when you set up the dial-up connection.
If I recall correctly, you can connect using CSD (circuit switched data) at up to 9600bps and be charged half the rate of the cellular call, or using HSCSD (high speed circuit switched data) at up to 42kbps and be charged the full rate of the cellular call.
Note that you will be charged for the duration of the connection, unlike PSD (packet switched data - GPRS, 3G, etc.) where you are charged for the volume of data.