sv_voicecodec voice_speex
And use the following cvar to choose which voice quality you want to use:
sv_voicequality 1 : 2400bps, lowest quality
sv_voicequality 2 : 6000bps
sv_voicequality 3 : 8000bps
sv_voicequality 4 : 11200bps
sv_voicequality 5 : 15200bps, highest quality
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You can also put this in servers.cfg, as example:
sv_voicecodec voice_speex
sv_voicequality 3
remember to only use one sv_voicequality 1-5 command, not all 5