We propose a cost-effective THz wireless communication scheme for future femtocell networks that leverages either direct gain modulation (DGM) or cross gain modulation (XGM) of a semiconductor optical amplifier (SOA) to convert coaxially or optically carried data into intensity-modulated THz waves, respectively. This architecture, based on an SOA and a uni-traveling-carrier photodiode (UTC-PD), has advantages over typical THz modulation schemes involving a resonant tunneling diode or an electro-optic modulator combined with a UTC-PD. Consequently, it facilitates the seamless convergence of hybrid fiber-coaxial networks to THz radio access networks with low cost, straightforward monolithic integration, and a more compact footprint. Furthermore, we experimentally verified the possibility of non-return-to-zero on–off keying wireless communication over 0.5 m in the 300 GHz band, achieving real-time transmission of 4 Gbit/s for coaxial access via an SOA’s DGM and 10 Gbit/s for fiber access via the SOA’s XGM. Notably, these data rates were attained by simple non-coherent THz intensity demodulation based on a Fermi-level managed barrier diode while meeting the 7% hard-decision forward error correction (HD-FEC) threshold (3.4×10−3). Finally, we conducted an analysis of the merits and drawbacks of the proposed THz communication scheme based on the combination of an SOA and a UTC-PD, discussed bottlenecks that hinder further rate improvement, and explored possibilities for optimization. In conclusion, this scheme is crucial for realizing future ultra-high-speed wireless networks that seamlessly connect to fiber-coaxial networks.