The phone port light won't come on until you define a trunk and register it to a provider.
The echo test requires you to register your OBi to the OBiTalk network.
Sign on to your OBi via the Web.
Click on Status then click System Status.
On the bottom of the page the OBitalk Status should be "Normal(User Mode)".
If you have not registered your OBi to OBiTalk:
Register your email ID here:
http://www.obitalk.com/obinet/Sign into OBiTalk
On the left side of page click ADD DEVICE.
Follow instructions.