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It's worth checking the 5g signal first in the place if your phone can do it or borrow a mates but it would probably be worth getting a 5g wifi hub so you don't need to have a phone running as a hotspot all day. On Three you can get an unlimited data sim on a 1 month rolling contract for £26 a month although 5g wifi routers aren't exactly cheap so could be better to get a 12 month contract with a free one instead.
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I used my phone as a hotspot at home for about three years, back in 2012. I had great 4G signal and an unlimited data package with Three Mobile. Back then it just wasn't worth getting a separate broadband contract, as it wouldn't have been any faster. The only caveat is, make sure you have your phone on charge.
And for the last year, I've had a 4G wifi router through 3 which has been great. It's much easier to connect other devices eg wifi printer, and gadgets etc. I'd recommend going down the 5G wifi hub. Three mobile have a 5G wifi router with unlimited data for £30 with a 24 month contract which isn't bad at all, considering the speed.
Has anyone actually used their 5G phone as their main connection? I just called Virgin Mobile and the guy I spoke to said their unlimited data packages are truly unlimited and I'd be able to tether multiple devices and use it like a normal connection.
The studio space I rent has a slow connection (12mb download / 0.6mb upload!) that costs me £25 a month and I can't get a fibre connection installed as it's a unit within a building and no company wants to get tangled up in the logisitics of that. It's in the centre of Bristol though so if I can get Virgin's cheapest 5G phone for £26 month with unlimited data then I can just stick it in the window and forget about it.