Not really - at least not directly. What you are describing is very similar to a publish / subscribe template. The WCF service basically serves only one client and one client at a time.
There are ways to do this in WCF 3.5 and better in WCF 4.0 — with or without Windows Azure.NET Services. There are also other tools and support for the publishing / signing template.
Check out things like:
If you are Google or Bing for "publishing a WCF publication", you will get a lot more hits - but these three should really get started, I think.
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