Can I ditch my landline internet service and use a network extender & hotspot instead?

I live in a rural area with lousy landline internet access but a pretty good cell signal. I've heard that a person can use the combination of internet extender & jetpack for internet access. Is that correct, or do I need to have DSL in order to use the network extender?
And is it necessary to spend $250 for a network extender? It looks like they ordinarily run around $50. Why is the Verizon one so steep?

The network extender requires a landline internet connection to function correctly.

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