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NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Telecom Italia to offer high-speed mobile service Tweet This Share on LinkedIn Share on Facebook Related News FEATURE-Telcos scramble for piece of booming Saudi market 10:00am EDT Saudi's Mobily may expand abroad Tue, Oct 19 2010 CORRECTED - CORRECTED-UPDATE 2-KDDI beefs up smartphone line-up; ties with S Mon, Oct 18 2010 UPDATE 1-S.Africa's Telkom launches mobile phone unit Thu, Oct 14 2010 CORRECTED - UPDATE 2-DragonWave posts profit despite revenue slide Thu, Oct 7 2010 Analysis & Opinion Reliance Industries’ BWA move – success or flop? Related Topics Technology » Media » Stocks A man uses a Telecom Italia phone booth at a bus stop in Rome December 3, 2008. Credit: Reuters/Chris Helgren MILAN | Wed Oct 20, 2010 11:52am EDT MILAN (Reuters) - Telecom Italia unveiled on Wednesday a new service as part of plans to upgrade its mobile network, amid calls by Italy's telecom regulator for more investment and rival plans to boost mobile broadband coverage. Telecom Italia, Italy's largest telecom operator, said its new service would allow users in Milan and Rome to enjoy speeds of up to 21 Megabits per second over a wireless network, up from a maximum of 14.4 Mbit/second now. The service, to be rolled out nationwide gradually, is part of the company's plans to develop its mobile network to keep up with the growing amount of traffic generated by mobile phones, USB modems, smartphones and tablet computers, it said. "In Italy, there is little use of broadband at home and a lot on the go," Telecom Italia CEO Franco Bernabe told a news conference, noting that 30 percent of Italian users of the social networking site Facebook do so via the mobile network. "In terms of usage of large screens (tablets) while on the go, we're only second to the United Kingdom (in Europe), but if the trend continues, we'll be in first place." Costs to implement the new service are already included in the company's three-year investment plan, Bernabe said. The use of mobile broadband has surged in cellphone-loving Italy, prompting the country's telecom regulator to warn earlier this year that soaring data traffic levels risk triggering a collapse of the mobile network. Telecom operators have also begun focusing on the mobile broadband segment as one of the key drivers of growth in coming years. Vodafone, one of Telecom Italia's key competitors in the mobile market, earlier this month said it would invest about 1 billion euros to boost mobile broadband coverage in Italy over the next three to four years. (Reporting by Stefano Rebaudo; Writing by Deepa Babington; editing by Elaine Hardcastle) Technology Media Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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