A phone holding assembly adapted to hold a mobile telephone and including an outer member and an inner member. The outer member includes a series of mounting tabs that are adapted to releasably secure the phone holding assembly to a panel. The inner member includes mounting ears that extend through openings in the outer member to releasably secure the inner member to the outer member. When the inner member is secured within the outer member, a phone of a first size can be received therein, while when the inner member is removed from the outer member, a phone of a second, larger size can be held.