Low-temperature co-fired ceramics (LTCC) applied in millimeter/microwave and terahertz frequencies (5G/6G) have attracted a lot of attention recently. In this study, MgO-based dielectric ceramics were successfully sintered at 950°C with the sintering aids: x wt.% of LiF fluoride (x=2, 4, 6, 8, 10) and 0.5wt.% of BBSZ (Bi2O3–B2O3–SiO2–ZnO) glass. BBSZ glass was introduced as another sintering aid to facilitate the sintering and densification. Crystalline structure and micro-morphology were investigated and analyzed. Dielectric properties (εr, Q×f, τf) at millimeter/microwave and terahertz wave frequencies were also studied. The ionic characteristics of Mg–O bond (fi), the lattice energy (U) and the bond energy (E) were calculated and analyzed. It is suggested that the optimal x=4, where εr=10.5, Q×f=120,000GHz (@12GHz) and τf=−26ppm/°C at millimeter/microwave range. When the frequency was up to terahertz (1.0THz), the εr values were 8.8–9.35 and the tanδ were 5.6×10−3–8.7×10−3. The experimental results indicated that the low-temperature sintered MgO-based ceramics have potential for millimeter/microwave and terahertz communication applications.