Step 1: Analyze the description.
- "Less expensive and commonly used in telephone lines and LANs" → refers to twisted pair cables.
- They are available as Unshielded Twisted Pair (UTP) and Shielded Twisted Pair (STP).
Step 2: Evaluate options.
- Optical Fibre: Expensive, high-speed, long distance, not telephone/LAN basic usage.
- Coaxial Cable: Used for cable TV and broadband, not primarily for LAN telephony.
- Twisted pair cable: Correct → used in LANs and telephone lines, UTP/STP types.
- Microwaves: Wireless medium, not wired.
Final Answer:
\[
\boxed{\text{Twisted pair cable}}
\]