Every telephone cable in the country has the shield connected to ground at both ends.
100 A of AC! Where are you getting these numbers for 100's of volts and 100's of Amps?There won't be any 10 A of "dirty 50/60 Hz AC".
As I've said *every* telephone cable in the country is grounded at both ends. Take a look at every splice box you can find, and you'll see a ground wire running down the pole to a ground rod. Each and every section of cable is grounded at both ends.
Whatever electric fields that may cause induction into the cable will cause significantly more (and no it will *not* be any 10 A) current in the much lower resistance shield than in the individual pairs. Plus the pair will not be grounded (although grounding spare pairs at both ends will have the same effect as grounding the shield), or at least not through as low a resistance as the shield. Hence sigificantly more current will be flow in the shield as a result of any induction. That current flowing in the shield will produce an *opposing* field, that will cancel at least some of the noise induced into the individual pairs!
And absolutely unnecessary too. RS-422 works on two pairs. The master transmitter and all slave receivers are on one, and the master receiver and all slave transmitters are on the other. They are *all* high impedance devices, relatively. There has to be a 100 Ohm load resistor on each pair.
Unnecessary for RS-422.