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The phrase 'reference to our telephone conversation' is correct and usable in written English. You can use it when you are writing about a telephone conversation that you had with someone. For example, "In reference to our telephone conversation last week, I am emailing to confirm the details of our agreement.".
Alternatives: ?As agreed? ?As discussed? ?As promised? ?Last time we spoke?
"As per our conversation" means that you're addressing a previous discussion you had with a colleague. It typically refers to a specific idea that came from that conversation.
Used in business letters to refer to an earlier letter, conversation, meeting, etc.: Further to our recent telephone conversation, we are writing to confirm details of the forthcoming conference. (Definition of further to from the Cambridge Business English Dictionary © Cambridge University Press)
Phrase. Further to is used in letters in expressions such as 'further to your letter' or 'further to our conversation', in order to indicate what you are referring to in the letter. [British, formal] Further to your letter, I agree that there are some problems, politically speaking.
?Following our conversation? is a handy phrase to show the effect of new details. Take a look at these examples published online: Thank you again for the interview on Wednesday. I am very excited about this position and your company.