Step 1: Analyze the description.
- "Less expensive and commonly used in telephone lines and LANs" correctly identifies twisted pair cables.
- These cables exist in two main forms: Unshielded Twisted Pair (UTP) and Shielded Twisted Pair (STP).
Step 2: Evaluate options.
- Optical Fibre: Characterized by high cost, high speed, and long-distance capabilities, but not typical for basic telephone/LAN use.
- Coaxial Cable: Primarily utilized for cable TV and broadband, not standard for LAN telephony.
- Twisted pair cable: Matches the description → suitable for LANs and telephone lines, available as UTP/STP.
- Microwaves: A wireless communication method, not a wired medium.
Final Answer: \[\boxed{\text{Twisted pair cable}}\]