I came across details of this device which uses an ATTiny85 micro-controller some months ago but it was skimpily documented, and what there was was American, and gave no details of how to get the code onto a micro-controller.
I've finally managed it and it works very well. It does have limitations though.
Firstly it needs fitting inside the telephone, which involves some (reversible) mutilation and secondly the PCB is rather large. What it does have going for it is being dirty cheap.
I've only used it on my ATA as I'm far too upright a citizen to connect it to a PSTN line.
Details are here:
http://joefreeman.weebly.com/uploads..._convertor.pdf