I am behind a corporate proxy server which requires credentials. I have been trying to connect to a TFS server (on tfspreview.com) with MS Visual Studio Pro 2012
The solution that worked for me in both Visual Studio 2013 and Microsoft Test Manager (MTM) was to ensure that both devenv.exe.config and mtm.exe.config included this configurations section:
MTM did not have a system.net setting and the whole section was added immediately following the closing xml tag .