Lalo heard the weird noise on the phone when he called the nursing home, so he knew Gus/Mike had the line tapped.
That's why he hung up immediately. Then, he realized he could give them bad information by calling back and telling Hector the fake plan.
Assuming they don't give Kim and Saul a happy ending in Omaha, I'm going to guess that Kim dies somehow taking out Lalo with her.
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