Re: Business as usual, then
Yes. But only line of sight. Terahertz isn't much different.
It will probably work quite well for high bandwidth, short range comms. The next step for Bluetooth or WiFi inside single rooms. But I don't see telecoms being able to make much use of it if their classic business case involves a transceiver up on a neighborhood pole. 5G is already hitting limits here, as too much stuff blocks it.
I suspect that one motive might be to grab the bandwidth licenses and go into business selling terahertz WiFi access points into the SOHO market. But with the obligatory monthly cellular bill instead of being consumer owned and free.