Looks as though the phone does not have any f/ware loaded onto it. Believe it or not there was a time when Nortel/Avaya where sending the 12xx series out to site like this to overcome a firmware download loop problem with the CS1000's.
The phone would touch the CS1K, download whatever f/ware image was on the server, and if the phone was running a later image as delivered the phone would reject the f/ware file, reboot and repeat the download. The phone would again reject the file and start the whole process over again.
Anyway, i digress...
Providing whatever DHCP server you are using as been configured with the correct 'DHCP option 128 string' then the phone should make a TFTP request to the BCM for the f/ware file. The BCM will then offer the file to the phone and the phone will then download the file and reboot, find the BCM again and then ask for a DN.
Post back with your setup regarding DHCP and i'll try and help.
Regards
Paul