Yes, this can be easily done. You would use the OBiTalk network to communicate with the OBi110.
Do you want to send and receive calls to/from POTS? If you want to originate calls from the 1032, you would need to use a prefix with the dialed number. The default prefix for routing calls to POTS on the OBi110 is "**8". There is a conflict with "**8" on the OBi1032. It's used for routing calls to BT. You can use any prefix you want as long as it doesn't conflict with anything. If you're not using BT, you can use "**8". If the dialed numbers are unique (like 7 digits or specific area codes) you won't need a prefix.
When you're ready to do this, post your exact requirements.