I use modem C-motech 550
1) add in modules.lst (after all nics, befor iptables) usbcore usb-uhci #or usb-ohci acm
2) change serial port in config SERIAL_PORT="/dev/usb/acm/0" PORT_SPEED=460800
3) for my modem need in config INIT_MODEM="AT&F0E0V1S0=0"
4) configure login/password/telephone in config
Enjoy!
Anatol Ivanov, Russia