Yes. To use your phone as a mobile hotspot over Wi-Fi:
- Go to Settings > Internet sharing and set Sharing to On.
- Your Broadcast name and password are automatically provided.
- Guests connected shows how many guests are currently connected to your phone.
- In Setup you can change your internet sharing password.
- Once your Lumia starts Wi-Fi broadcasting, make sure that sharing security type (if not selectable, WPA2 is used) and password settings match between your phone and the connected device.
Note that the internet sharing automatically turns off if:
- The battery saver mode is switched on.
- The hotspot is not used for a few minutes.