Yahoo expects the application to be available in France, Germany, Italy, Spain and the UK at the end of the second quarter of 2008.
The company also unveiled several new mobile widgets that will be accessible across its mobile browser and client-based offerings in Europe.
Users in France, Germany, Italy, Spain and the UK will be able to access localised services from mobile widget development partners including Eurosport, XING, eBay and MySpace within the next two months.
Yahoo Mobile Widgets will be accessible via devices that support the Yahoo Go 3.0 client or the recently redesigned Yahoo Mobile home page.
The initial Yahoo Mobile Widgets were announced at CES less than two months ago, and included MySpace, eBay and MTV News.
In a related announcement, Yahoo unveiled plans for Yahoo onePlace which it claims will be the industry's first mobile content management service.