The names of the phases of meiosis are identical to mitosis, but the processes that occur and the nature of these stages is different.
Prophase I: In prophase I, after the chromosomes have duplicated in the S phase of interphase, they now come towards one another and form homologous pairs. It is at this stage that the chromosomes partake in crossover, which is the process of exchanging identical genetic material. The places on the chromosomes at which they cross over are called the chiasmata. The microtubules from the duplicated centrosomes (which contain centrioles) also move the chromosomes towards the centre of the cell.
Metaphase I: At this stage, the chromosomes are arranged at the equator of the cell (also called the metaphase plate). They are still in their homologous pairs.
Anaphase I: In anaphase I the microtubules (kinetochore) start to pull on the chromosomes. As they are pulled apart, one chromosome from each homologous pair is brought to each pole of the cell.
Telophase I: Finally, in telophase I, the microtubules disintegrate and the chromosomes are now at the poles of each of the cells. The nuclear membranes and nucleolus form of the two genetically different cells. A cleavage furrow forms as well.
Cytokinesis: The cells now separate.