Telophase I

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Chromosomes reach the opposite ends of the cell. 

The cell pinches in and the membrane begins dividing atthe cleavage furrow in a process called cytokinesis. At this
point, the spindle fibers have released the chromosomes.

 After cytokinesis, the cell may go through interkenisis, a 
  short process similar to interphase. During interkinesis, 
  the chromosomes ARE NOT duplicated. By the end of 
  telophase, two haploid cells are formed.


In plant cells....

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In plants, a cell plate will form in the middle of the cell

  and a cell wall will form along the cell plate.