-I need to make "terminal 1 talk to terminal 2, and terminal 3 talk to 4 at the same time" ,etc...
My problem is swiching betwin users.
Look at Maxim web or Analog Devices web, they makes ICs called "analog multiplexers", "analog switches", "crosspoints" etc.
You must make something like "4x4 switch array" - e.g. 2x MAX4052
(http://www.maxim-ic.com/quick_view2.cfm/qv_pk/1352/ln/), which contains dual 4:1 analog multiplexer.
Pay attention to "common telephone device", because they use 48volts as ring signal...