The Cisco Unified Border Element provides a network-to-network interface point for:
Signaling interworking-H.323, SIP
Media interworking-dual-tone multifrequency [DTMF], fax, modem, and codec transcoding
A Cisco Unified Border Element interoperates with many different network elements including voice gateways, IP phones, and call-control servers in many different application environments, from advanced enterprise voice and/or video services with Cisco Unified Communications Manager or Cisco Unified Communications Manager Express, as well as simpler toll bypass and voice over IP (VoIP) transport applications.
DSP's will be need. Answer is YES
Good thing is you can use the SIP circuit for voice as well as data...
CUBE license is a trust based license and you need to purchase that from cisco..