I think that what constitutes a 'direct srike' is at issue.
I have seen power cables take a direct strike and survive..never a 50 pair overhead.
Most so called 'direct strikes are not to the actual wires, but to places very near by. Yes you can get several tens of KV, and a few hundred milliamperes..but its not the same as a Mv at 5 amperes!
There is enough impedance in the overhead line for it NOT to be the preferred path back to earth at the exchange of course..the exchange equipment will survive.
Its another reason BT likes to bury its cables of course..the last couple of hundred meters of overhead, even with a direct strike, won't do them any harm at all.
It will destroy anything and everything at the customer end of course.
Fortunately such *direct* strikes are rare. Mine is the only one in this country I have direct knowledge of. And that was 20 years ago. OTOH overhead power lines get struck many times in every storm..mostly they just trip and reset. Sometimes they get burned out, or insulators arc over and fail.
In Africa where serious thunderstorms happened every other day, and much wiring was above ground, it was not unusual for whole swathes of phones to be out for a day or two. They would always ring in a storm anyway.
In short indirect strikes that put a few KV on the line at a few mA are routine, and protected against by the stuff that BT puts on its own kit at their end, and what is built in at the customer end.
Direct strikes in this country are very very rare, and equipment survivability is more or less a function of how far the kit is from the strike. Mostly the strike will simply use a short section of cable which burns out to an arc, on its way to wherever it can find ground.