No. You will need an internet connect (wifi or wired though).
If you don't care about FTA TV then perhaps get the Fetch Mini (if that saves you any money) as that is geared towards watching streaming TV channels only.
PS you can possibly try a $30 indoor antenna from JayCar / Bunnings / etc. You might be surprised if you get over the line for reception you get a perfect picture.
Just to add to Peter's comments if you do want to watch FTA you may want to consider a Chromecast dongle and then you can stream all the Australian FTA stations either live or catchup.
Depending what you want from the fetch box Chromecast could be an alternative.