As filed with the Securities and Exchange Commission on August 5, 2003

                                    FORM 6-K

                         SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        Report of Foreign Private Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934
                          For the month of August 2003



                                    TELE2 AB
                 (Translation of registrant's name into English)

                                  Skeppsbron 18
                                    Box 2094
                                S103 13 Stockholm
                                     Sweden
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F

         Form 20-F...X...                                   Form 40-F......


Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

         Yes......                                          No...X...


If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
..............................N/A................................................

<PAGE>

                                                           FOR IMMEDIATE RELEASE
                                                         Tuesday, August 5, 2003



                TELE2 REPORTS CUSTOMER INTAKE OF 1,063,000, WITH
                REVENUES UP 21% TO MSEK 9,225 AND EBT MORE THAN
                              TRIPLING TO MSEK 567

New York and Stockholm - Tuesday, August 5, 2003 - Tele2 AB ("Tele2", "the
Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsborsen: TEL2A and
TEL2B), the leading alternative pan-European telecommunications company, today
announced its consolidated results for the second quarter ended June 30, 2003.

Number of customers rises by 1,063,000 to 18.7 million Revenues up 21%, by MSEK
1,602 to MSEK 9,225 compared to Q2 2002* EBITDA MSEK 1,538 compared to MSEK
1,120 in Q2 2002* EBT more than triples to MSEK 567 compared to Q2, 2002*
Fixed line EBITDA margin in Continental Europe over 7% while adding 570,000 new
customers Cash flow after investments MSEK 965 compared to MSEK 70 in Q2 2002
Launch of four GSM networks in Russia

*excl. MSEK 87 Telia court settlement (note 1)


Lars-Johan Jarnheimer, President and CEO of Tele2 AB stated:

"These are again strong results from Tele2. We have had our largest ever organic
subscriber intake of over one million customers while again showing faster
growth than our competitors, with revenue up 21% in the quarter. In Q2 we
achieved record cash flow from operating activities of SEK 1.5 billion and more
than tripled pre-tax profits to SEK 0.6 billion. It remains our objective to
maintain this balance between customer growth, profitability and cash flow
generation.

"The fixed telephony and Internet operations in continental Europe continue to
see strong growth, reaching nearly ten million customers in total, and
delivering consistent improvements in EBITDA. A key development in the quarter
was the introduction of local call by call in Germany in April and the
subsequent introduction of local pre-select calling in early July. This combined
with the continued strong intake augurs well for Central Europe. In Southern
Europe the strong growth of the previous quarters continued, with revenue up 27%
and the EBITDA margin now at 11%, which has been reached earlier than planned.
In Sweden, Comviq continues to generate EBITDA margins over 50%, which remain
amongst the best in Europe. In Russia we have now launched four GSM networks and
the development there is encouraging. Our focus continues to be on low customer
acquisition cost, churn management and operational cost control."


FINANCIAL AND OPERATING HIGHLIGHTS
----------------------------------

     (The figures shown in parenthesis correspond to the comparable periods
     in 2002 and all negative amounts are distinguished with a minus sign).

                   Financial highlights for the second quarter

---------------------------------------------------------------------------
SEK millions                                       Q2, 2003      Q2, 2002
---------------------------------------------------------------------------
Operating Revenue                                     9,225         7,623*
---------------------------------------------------------------------------
EBITDA (i)                                            1,538         1,120*
---------------------------------------------------------------------------
EBIT (ii)                                               694           336*
---------------------------------------------------------------------------
EBT (iii)                                               567           162*
---------------------------------------------------------------------------

*excl. MSEK 87 Telia court settlement (note 1)

(i)  Operating Profit (loss) before interest, tax, depreciation and amortization
(ii) Operating Profit (loss) before interest and tax
(iii) Profit (loss) before tax

Operating highlights for the second quarter ended June 30, 2003

Tele2 had its largest ever organic intake with 1,063,000 customers added during
the quarter. The operations in Central and Southern Europe again showed strong
growth with customers up by 357,000 and 249,000 respectively. Also Eastern
Europe & Russia showed strong growth with subscribers up by 257,000

In April local call-by-call was introduced in Germany, followed on July 9 by the
introduction of local call pre-select. As a result local pre-select calling is
now available in all our operating countries. Tele2 also successfully appealed
the introduction of a local call origination surcharge by Deutsche Telekom. The
Administrative Court of Cologne was of the opinion that its introduction
contravenes certain EU laws and ordered its suspension

In Russia Tele2 has now launched four GSM networks, Irkutsk, Rostov, St
Petersburg and Kemerovo and the early signs of customer demand are encouraging

In Finland Tele2 announced the acquisition of the remaining shares of Suomen 3G
Oy for a price of MSEK 74, which was equivalent to the proportion of the
company's cash position acquired by Tele2. Tele2 previously held 27.4% of the
company. Suomen 3G Oy already has a network in 9 Finnish cities. In June Tele2
announced an MVNO agreement with Radiolinja Origo, enabling Tele2 to offer GSM
mobile services in addition to the fixed line and internet services it already
offers

Tele2 launched its 3G network in Luxembourg at the end of April. This was a soft
launch and allows Tele2 to use Luxembourg as a test market for its other 3G
operations

Tele2 is confident that a pragmatic solution will be reached regarding the 3G
rollout requirements in Sweden, which currently stipulate coverage of 99.9% of
the population by the end of 2003. The effect of an extension would be to
substantially reduce short-term capital expenditure requirements for Svenska
UMTS-nat AB, Tele2' s 50% owned 3G operation.

PTS, the Swedish regulator determined in a ruling at the end of May that Tele2
would be given Significant Market Power (SMP) status in the Swedish mobile
market but importantly that it would not be classified as having SMP in the
interconnect market. In a separate ruling on mobile termination charges, the PTS
determined that Tele2 would only be allowed to charge what Telia Mobile charges
plus 10%. Tele2 will appeal this decision and in the meantime continues to
account for these revenues based on what it thinks will be the most likely
outcome

In early July following the successful launch of fixed line services in Brussels
in Q1 2003, the rollout of the Tele2 fixed line service throughout the rest of
Belgium was announced


                        OPERATIONAL REVIEW BY MARKET AREA
                        ---------------------------------


                                     Nordic

Operating revenue Q2 2003, MSEK 3,372 (3,292*), +2% EBITDA Q2 2003, MSEK 1,031
(1,117*), -8% EBIT Q2 2003, MSEK 806 (889*), -9%

The Nordic market area encompasses Tele2 operations in Sweden, Norway, Denmark
and Finland, Optimal Telecom and Datametrix.

                                     Sweden
                                     ------

The mobile operations in Sweden reported 3.2 million customers at the end of the
quarter, an annualized increase of 18%, and Comviq continues to increase its
market share, adding approximately 150,000 customers during the second quarter.
EBITDA margins of over 50% in mobile were achieved. Within the Fixed telephony
and Internet business area, where DNS services are included, the EBITDA margin
declined to 17%. The main reason is increased price pressure within DNS
services. In addition to this, an offer to new customers to have half price
calling during the first 6 months has had a continued negative short-term effect
on the margin but a positive effect on the customer intake. An action plan,
mainly for the DNS-area, has been initiated and we believe that the entire
business area will again generate margins over 20% during the second half year.
Monthly average revenue per mobile customer (ARPU), including both postpaid and
prepaid customers, was SEK 178 (194*) in the second quarter and monthly mobile
minutes of usage (MOU) were 89 (97**) in the second quarter. Prepaid mobile
customers accounted for 75% of the total mobile customer base.

PTS, the Swedish regulator determined in a ruling at the end of May that Tele2
would be given Significant Market Power (SMP) status in the Swedish mobile
market but importantly that it would not be classified as having SMP in the
interconnect market. In a separate ruling on mobile termination charges, the PTS
determined that Tele2 would only be allowed to charge what Telia Mobile charges
plus 10%. Tele2 will appeal this decision and in the meantime continues to
account for this based on what it thinks the most likely outcome will be.

Tele2 is confident that a pragmatic solution will be reached regarding the 3G
rollout requirements in Sweden, which currently stipulate coverage of 99.9% of
the population by the end of 2003. The effect of an extension would be to
substantially reduce short-term capital expenditure requirements for Svenska
UMTS-nat AB, Tele2's 50% owned 3G operation.

* excl. MSEK 87 Telia court settlement (note 1)
** The system used to measure minutes of use has been further improved as from
Q1 2003. Previously part of the traffic between two Comviq/Tele2 Mobile
subscriptions was accounted for as both incoming and outgoing traffic. This is
now measured in one direction only. The comparable figure for 2002 has been
adjusted to take account of this change.


                          Denmark, Norway and Finland
                          ---------------------------

Denmark, Norway and Finland operations are predominantly fixed telephony and
Internet. Tele2 is the leading alternative operator in Denmark and Norway.

In Finland during May, Tele2 announced the acquisition of the remaining shares
of Suomen 3G Oy for a price of MSEK 74 million, which was equivalent to the
proportion of the company's cash position acquired by Tele2. Tele2 previously
held 27.4% of the company. Suomen 3G Oy has a UMTS network in 9 Finnish cities.
Its license states that it needs to have built 3G coverage in 18 Finnish cities
by the end of 2003, however it is possible that these requirements may be
deferred.

In June, Tele2 announced an MVNO agreement in Finland with Radiolinja Origo,
enabling Tele2 to offer GSM mobile services in addition to the fixed line and
internet services it already offers.

In Norway, in an important development, Tele2 has signed an agreement with
Telenor for the resale of the fixed fee and is likely to launch this sometime in
the fall. Also, Tele2's Norwegian MVNO will be launched in Q3.

Denmark experienced strong customer intake during the period.



                             Eastern Europe & Russia

Operating revenue Q2 2003, MSEK 712 (588), +21% EBITDA Q2 2003, MSEK 162 (133),
+22% EBIT Q2 2003, MSEK 44 (37), +19%

The Eastern Europe & Russia market area encompasses Tele2 operations in the
Baltics (Lithuania, Latvia and Estonia), in Poland, the Czech Republic and in
Russia, and X-Source operations.

The market area experienced a sharp rise in customer intake with 257,000 new
subscribers during the second quarter, of which over 70% were mobile customers.

In Russia Tele2 has now launched four GSM networks, Irkutsk and Rostov in April,
St Petersburg in June and Kemerovo in July. All the networks have been launched
based on the GSM1800 standard, having similar coverage per base station as the
GSM900 standard by using a phased array antenna solution from Radio Components.
The early signs of customer demand are encouraging and Tele2 views the Russian
mobile market as offering great potential.

In the Baltics, Tele2's service offering is developing well. Tele2 is the
leading alternative operator in Estonia and Latvia, and the second largest
alternative operator in Lithuania. Tele2 continues to study the ongoing
regulatory situation in Latvia and Lithuania following the deregulation of the
fixed line markets at the beginning of the year and will launch services when
the situation is more favorable.

In the Czech Republic the business continues to move ahead and Tele2 intends to
introduce pre-selection with local calling during 2003. Tele2 is the leading
alternative operator in the Czech Republic.

In Poland, the Customer Premises Equipment (CPE) fixed line services, which
Tele2 launched at the beginning of the year, are progressing well, however the
regulatory situation is still difficult and Tele2 will accordingly develop the
business as appropriate.


                                 Central Europe

Operating revenue Q2 2003, MSEK 1,773  (1,374), +29%
EBITDA Q2 2003, MSEK -6 (-51), of which MSEK 30 (12) +150%, for fixed telephony
& Internet. EBIT Q2 2003, MSEK -53 (-81), of which MSEK -10 (-14) for fixed
telephony & Internet.

The Central European market area encompasses Tele2 operations in Germany, the
Netherlands, Switzerland and Austria, and a license in Ireland.

Tele2 continued its marketing push in Germany following the introduction of
local call by calls at the end of April and pre-select local calling on 9 July.
Tele2 expects similar benefits from these services to those it experienced in
Southern Europe during 2002; although due to implementation delays from the
incumbent in terms of how many pre-select customers can be switched on each day,
the full financial impact will not be felt until later in 2003. Tele2 is one of
only three alternative operators in Germany to have built out the maximum number
of interconnect points which consequently minimises its interconnect payments.
The outlook for the German market continues to improve with minutes of use up on
the same period last year, churn continuing to fall and unprompted awareness of
Tele2 now at 62%. Tele2 is confident that it will reach EBITDA breakeven in the
German fixed line business before the year-end.

In an important decision Tele2 also successfully appealed the introduction of a
local call origination surcharge of (euro).004 by Deutsche Telekom. The
Administrative Court of Cologne was of the opinion that its introduction
contravenes certain EU laws and ordered its suspension from July 1 2003.

Central Europe showed strong customer growth in the second quarter adding
357,000 customers whilst increasing revenue by 29% compared to the second
quarter 2002. Fixed telephony and internet ARPU for the Central Europe market
area was SEK 157 (148).

In the Netherlands the Tele2 MVNO continues to see strong growth having the
highest net new adds of any operator. Tele2 is continuing with its strategy of
converting its fixed line customers to become MVNO customers. Tele2 is the
largest alternative operator and the Tele2 brand has 80% recognition across the
population.

Tele2 Austria is now the largest alternative operator with brand recognition of
some 85% within the population; the low churn achieved reflecting a high level
of customer satisfaction. Tele2's MVNO in Austria is performing according to
plan.

In Switzerland Tele2 is now the second-largest alternative operator with a broad
offering of fixed, mobile, Internet and ADSL services. In early July, Tele2
announced an enhanced ADSL service for its customers providing them faster
speeds both upstream and downstream.

                                 Southern Europe

Operating revenue Q2 2003, MSEK 2,561 (2,010), +27% EBITDA Q2 2003, MSEK 291
(-72) EBIT Q2 2003, MSEK 269 (-101)

The Southern Europe market area includes Tele2 operations in France, Italy,
Spain and Portugal.

Southern Europe has continued to show strong growth, adding 249,000 customers in
the second quarter while increasing revenue by 27% compared to the second
quarter 2002. EBITDA reached MSEK 291 (-72) in the second quarter with a margin
of 11% (-4%). Tele2 achieved an ARPU for Southern Europe for fixed telephony and
internet of SEK 160 (148).

In May ADSL was launched in France, based on the unbundling of France Telecom's
local loop. Tele2 is still seeking an MVNO agreement in Southern Europe and is
optimistic that an agreement can be reached in at least one of the countries
within the next 12 months.

Tele2 France continued to grow strongly and confirms its position as the leading
alternative operator taking over 60% of those customers who choose to leave the
incumbent.

Tele2 Italy is the second alternative operator and continues to show a strong
intake in customers and additional services such as the recently launched
dial-up Internet service.

In Spain, in combination with sharp revenue growth, there has been a significant
improvement in Tele2's gross margin as a result of moderate interconnection
reductions and steep declines in leased line tariffs. Consequently, Spain has
reached EBITDA breakeven on a monthly basis, within the target three-year period
from launch. Tele2 will seek to launch further services in Spain later in the
year, making the customer proposition even more attractive.

Tele2 is preparing to launch services from Portugal in the fall of 2003.


                                   Luxembourg

Operating revenue Q2 2003, MSEK 209 (195), +7% EBITDA Q2 2003, MSEK 44 (32),
+38% EBIT Q2 2003, MSEK 16 (10), +60%

The Luxembourg market area includes Tele2 operations in Luxembourg,
Liechtenstein and Belgium, and 3C operations and Transac.

Tango, Tele2's mobile operator in Luxembourg launched its 3G network, which
covers 90% of the population and 70% of the territory, at the end of April. This
low-key launch allows Tele2 to use Luxembourg as a test market for its other 3G
operations.



In early July following the highly successful launch of fixed line services in
Brussels during the first quarter 2003, the rollout of the Tele2 fixed line
service throughout the rest of Belgium was announced.



                           Branded Products & Services

Operating revenue Q2 2003, MSEK 598 (164 ), +265%
EBITDA Q2 2003,  MSEK 16 (-39)
EBIT Q2 2003, MSEK 0 (-42)

Branded Products & Services include Tele2 UK, Alpha Telecom in the UK, C3
operations, Everyday operations and IntelliNet operations.


                                  GROUP REVIEW
                                  ------------

                                   Investments

In May 2003, Tele2 acquired the remaining shares in (72.6%) of Suomen 3G Oy, a
company with a UMTS network in 9 Finnish cities.

Alpha Group was acquired on February 17 2003. The net cash outlay, including
expected additional earn out payments, was MSEK 700. Alpha Telecom customers are
not included in the total number of customers for the Tele2 Group.

Alpha is the UK's leading operator in prepaid fixed network telephony for
individuals and a market leader in cash cards for fixed telephony. Tele2 Alpha
Telecom sells about 1.25 million cash cards per month from 60,000 sales outlets
in the UK and had sales of SEK 1.9 billion in 2002. The acquisition will
directly contribute to Tele2's earnings per share in 2003, even without the
expected synergy effects.

The acquisition of Alpha Telecom is a unique opportunity for Tele2 to attain
critical mass in the UK and is in line with Tele2's strategy of steadily
establishing a presence in the UK market. Alpha is a stable base on which to
further develop Tele2's operations in the UK. The objective is to emulate
Alpha's successful product concept in other significant markets in Europe,
through which Tele2's existing presence will contribute major revenue and cost
synergies.

                     Other long-term holdings of securities

The Balance Sheet for Svenska UMTS-nat AB in Sweden, in which Tele2 has a 50%
interest, is stated in note 7.

                                 Parent Company


At the Parent company level, Tele2 reported at June 30, 2003 operating revenue
of MSEK 9 (8), EBIT of MSEK -46 (-41) and liquidity MSEK 12 compared to MSEK 10
at December 31, 2002.


                               COMPANY DISCLOSURE
                               ------------------


                          Third Quarter of 2003 Results


Tele2 will release the financial and operating result for the period ended
September 30, 2003, on October 21, 2003.


                            Stockholm, August 5, 2003

                                Board of Tele2 AB

                                  REPORT REVIEW
                                  -------------

The financial and operating results for the period ended June 30, 2003 have not
been subject to specific review by the Company's auditor.

Tele2 AB, formed in 1993, is the leading alternative pan-European
telecommunications company offering fixed and mobile telephony, data network and
Internet services under the brands Tele2, Tango and Comviq to 18.7 million
people in 22 countries. Tele2 operates Datametrix, which specializes in systems
integration, 3C Communications, providing integrated credit card processing, web
payment solutions and public payphones; Transac, providing billing and
transaction processing service; C3, offering co-branded pre-paid calling cards
and Optimal Telecom, the price-guaranteed residential router device. The Group
offers cable television services and, together with MTG, owns the Internet
portal Everyday.com. The Company is listed on the Stockholmsborsen, under TEL2A
and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.


CONTACTS
--------

Lars-Johan Jarnheimer                       Telephone:    + 46 8 562 640 00
President and CEO, Tele2 AB

Hakan Zadler                                Telephone:    + 46 8 562 640 00
CFO, Tele2 AB

Dwayne Taylor/Andrew Best                   Telephone:    + 44 20 7321 5038/5022
Investor enquiries

Visit us at our homepage:  http://www.tele2.com


CONFERENCE CALL DETAILS
-----------------------

A conference call to discuss the results will be held at 16:30 (Swedish time) /
10:30 (New York time), on 5 August, 2003. The dial in number is: +44 (0) 1452
542300 or US: 1866 220 1452 and participants should quote `Tele2'. Please dial
in 5 minutes prior to the start of the conference call to allow time for
registration. A recording of the conference call will be available for 7 days
after the call on +44 (0)1452 550000 access code 373962#. An audio stream of the
conference call can also be accessed on demand from 21.00 CET on 5 August at
www.Tele2.com.

APPENDICES
----------

Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Cash flow Statement
Change of Consolidated Shareholders' Equity
Number of Customers
Market Areas split by Business Areas
Investments
Tele2 in Sweden
Five Year Summary
Notes to the Accounts


<TABLE>
                                             CONSOLIDATED INCOME STATEMENT (MSEK)

                                                                         2003           2002            2002     2003     2002
                                                                       Jan 1-         Jan 1-       Full year       Q2       Q2
                                                                      June 30        June 30
                                                            -------------------------------------------------------------------

<S>                                                 <C>                <C>            <C>             <C>       <C>      <C>
Operating revenue                                   Note 1             17,841         15,096          31,282    9,225    7,710
Operating expenses                                                    -16,492        -14,512         -29,740   -8,543   -7,297
 Other revenues                                                            45             17              50       25       12
Other expenses                                                            -31            -18             -62      -13       -2
                                                            -------------------------------------------------------------------
Operating Profit, EBIT                                                  1,363            583           1,530      694      423
                                                    Note 2
Share of profit (loss) of associated companies                             -2            -20             -41       -1       -9
Sale of associated company                                                  -              -               5        -        -
Net interest and other financial expenses           Note 3               -303           -303            -698     -126     -165
                                                            -------------------------------------------------------------------
Profit after financial items, EBT                                       1,058            260             796      567      249

Taxes                                               Note 4               -607           -550            -574     -293     -299
Minority interest                                                          21              3               1       11        2
                                                            -------------------------------------------------------------------
Profit (loss) after taxes                                                 472           -287             223      285      -48
-------------------------------------------------------------------------------------------------------------------------------

                                                                         3.20          -1.95            1.51     1.93    -0.33
Earnings (loss) per share after tax (SEK)
                                                                         3.19          -1.94            1.51     1.93    -0.33
Earnings (loss) per share after tax, after
dilution (SEK)

Number of shares, basic                             Note 5        147,460,175    147,360,175     147,460,175
Number of shares, weighted average                  Note 5        147,460,175    147,360,175     147,360,175
Number of shares after dilution                     Note 5        148,223,175    147,560,175     148,223,175
Number of shares after dilution, weighted average   Note 5        147,782,309    147,560,175     147,634,293

</TABLE>


<TABLE>
                                   CONSOLIDATED BALANCE SHEET (MSEK)

                                                    2003                      2002                  2002
                                                 June 30                   June 30                Dec 31
                                              -----------------------------------------------------------
ASSETS

<S>                                               <C>                       <C>                   <C>
Fixed assets
Intangible assets                                 24,790                    26,226                25,096
Tangible assets                                    9,315                     9,354                 9,257
Long-term financial assets             Note 4      1,455                     2,150                 2,020
                                              -----------------------------------------------------------
                                                  35,560                    37,730                36,373

Current assets
Materials and supplies                               415                       296                   353
Current receivables                                8,764                     7,351                 7,673
Cash and cash equivalents                          3,339                     2,135                 2,473
                                              -----------------------------------------------------------
                                                  12,518                     9,782                10,499

---------------------------------------------------------------------------------------------------------
Total assets                                      48,078                    47,512                46,872
---------------------------------------------------------------------------------------------------------

EQUITY AND LIABILITIES

Shareholders' Equity
Restricted equity                                 24,473                    27,037                25,138
Non-restricted equity                              4,295                       899                 3,590
                                              -----------------------------------------------------------
                                                  28,768                    27,936                28,728

Minority interest                                     18                        21                    22

Provisions
Shares in associated companies                         -                        11                    28
Other provisions                                      20                         2                     -
                                              -----------------------------------------------------------
                                                      20                        13                    28

Long-term liabilities
Interest-bearing liabilities                       7,367                    10,882                 7,899
Non-interest-bearing liabilities                       -                         4                     -
                                              -----------------------------------------------------------
                                                   7,367                    10,886                 7,899

Short-term liabilities
Interest-bearing liabilities                       2,412                       559                 2,382
Non-interest-bearing liabilities                   9,493                     8,097                 7,813
                                              -----------------------------------------------------------
                                                  11,905                     8,656                10,195

---------------------------------------------------------------------------------------------------------
Total equity and liabilities                      48,078                    47,512                46,872
---------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
                                 MARKET AREAS SPLIT BY BUSINESS AREAS (MSEK), continued
                                                         EBITDA
                                                         ------

                                                         2003        2002    2003    2003    2002    2002   2002    2002
                                                       Jan 1-      Jan 1-      Q2      Q1      Q4      Q3     Q2      Q1
                                                      June 30     June 30
                                                 ------------------------------------------------------------------------
<S>                                    <C>              <C>         <C>       <C>     <C>     <C>     <C>    <C>     <C>
Nordic
Mobile telephony                       Note 1           1,584       1,727     821     763     894     955    903     824
Fixed telephony and Internet           Note 8             450         561     199     251     350     281    292     269
Cable TV                               Note 8              17           8       9       8      11      13      6       2
Data processing                        Note 8               2           6       2       -       6       2      3       3
                                                 ------------------------------------------------------------------------
                                                        2,053       2,302   1,031   1,022   1,261   1,251  1,204   1,098
Eastern Europe & Russia
 Mobile telephony                                         429         287     211     218     131     193    150     137
Fixed telephony and Internet                              -90         -27     -52     -38     -32     -17    -16     -11
Cable TV                                                   -1           -       1      -2      -1       -      -       -
Data processing                                             6          -1       2       4       6       2     -1       -
                                                 ------------------------------------------------------------------------
                                                          344         259     162     182     104     178    133     126
Central Europe
Mobile telephony                                          -85        -102     -36     -49     -45     -39    -63     -39
Fixed telephony and Internet                               60          24      30      30      65      16     12      12
                                                 ------------------------------------------------------------------------
                                                          -25         -78      -6     -19      20     -23    -51     -27
Southern Europe
Fixed telephony and Internet                              534        -253     291     243     156      -4    -72    -181
                                                 ------------------------------------------------------------------------
                                                          534        -253     291     243     156      -4    -72    -181
Luxembourg
Mobile telephony                                           99          64      53      46      44      53     35      29
Fixed telephony and Internet                              -17          13      -9      -8      -5      -2      7       6
Cable TV                                                   -3         -14      -1      -2      -7      -8     -5      -9
Data processing                                             1          -8       1       -      -1      -3     -5      -3
                                                 ------------------------------------------------------------------------
                                                           80          55      44      36      31      40     32      23
Branded products & services
Fixed telephony and Internet                               32        -129      16      16     -23     -20    -39     -90
                                                 ------------------------------------------------------------------------
                                                           32        -129      16      16     -23     -20    -39     -90

                                                 ------------------------------------------------------------------------
Total EBITDA                                            3,018       2,156   1,538   1,480   1,549   1,422  1,207     949
-------------------------------------------------------------------------------------------------------------------------

BY BUSINESS AREA
Mobile telephony                       Note 1           2,027       1,976   1,049     978   1,024   1,162  1,025     951
Fixed telephony and Internet           Note 8             969         189     475     494     511     254    184       5
Cable TV                               Note 8              13          -6       9       4       3       5      1      -7
Data processing                        Note 8               9          -3       5       4      11       1     -3       -
                                                 ------------------------------------------------------------------------
Total EBITDA                                            3,018       2,156   1,538   1,480   1,549   1,422  1,207     949
-------------------------------------------------------------------------------------------------------------------------

EBITDA MARGIN
Nordic                                 Note 1             31%         34%     31%     32%     36%     38%    36%     32%
Eastern Europe & Russia                                   26%         24%     23%     29%     17%     29%    23%     26%
Central Europe                                            -1%         -3%      0%     -1%      1%     -2%    -4%     -2%
Southern Europe                                           11%         -7%     11%     10%      7%      0%    -4%    -10%
Luxembourg                                                20%         15%     21%     19%     14%     23%    16%     14%
Branded products & services                                3%        -36%      3%      3%     -8%     -9%   -24%    -47%
Total EBITDA margin                                       17%         14%     17%     17%     18%     18%    16%     13%



                                                   INVESTMENTS (MSEK)

                                                        2003         2002    2003    2003   2002    2002    2002    2002
                                                      Jan 1-       Jan 1-      Q2      Q1     Q4      Q3      Q2      Q1
                                                     June 30      June 30
                                             ----------------------------------------------------------------------------
Market areas
Nordic                                                    257         536     122     135     164     202    243     293
Eastern Europe & Russia                                   476         226     297     179     227     141    101     125
Central Europe                                             93          53      58      35      54      28     16      37
Southern Europe                                            92          81      25      67      35      26     30      51
Luxembourg                                                 65          44      45      20      28      22     22      22
Branded products and services                               -           6       3      -3      18      -1      3       3
                                             ----------------------------------------------------------------------------
Investments in intangible and                             983         946     550     433     526     418    415     531
tangible assets

Additional investments, non-cash transactions:
Finance lease                                               -           -       -       -      66       -      -       -
                                             ----------------------------------------------------------------------------
Total, CAPEX                                              983         946     550     433     592     418    415     531
-------------------------------------------------------------------------------------------------------------------------

Business areas
Mobile telephony                                          610         455     366     244     308     235    206     249
Fixed telephony and Internet                              335         436     165     170     208     150    189     247
Cable TV                                                   21          49       9      12       5      31     21      28
Data processing                                            17           6      10       7       5       2     -1       7
                                             ----------------------------------------------------------------------------
Investments in intangible and                             983         946     550     433     526     418    415     531
tangible assets
-------------------------------------------------------------------------------------------------------------------------



                                                 TELE2 IN SWEDEN (MSEK)

                                                       2003          2002    2003    2003   2002    2002    2002    2002
                                                     Jan 1-        Jan 1-      Q2      Q1     Q4      Q3      Q2      Q1
                                                    June 30       June 30
                                             ----------------------------------------------------------------------------
Operating revenue
Mobile telephony                      Note 1            3,241       3,259   1,697   1,544   1,657   1,695  1,670   1,589
Fixed telephony and Internet          Note 8            1,880       2,024     950     930     988     913    967   1,057
Cable TV                              Note 8               92          98      46      46      55      52     49      49
                                             ----------------------------------------------------------------------------
Total Tele2 in Sweden                                   5,213       5,381   2,693   2,520   2,700   2,660  2,686   2,695
-------------------------------------------------------------------------------------------------------------------------

EBITDA
 Mobile telephony                     Note 1            1,626       1,812     857     769     880     954    938     874
Fixed telephony and Internet          Note 8              343         439     158     185     219     221    221     218
Cable TV                              Note 8               14           9       7       7      11      12      7       2
                                             ----------------------------------------------------------------------------
Total Tele2 in Sweden                                   1,983       2,260   1,022     961   1,110   1,187  1,166   1,094
-------------------------------------------------------------------------------------------------------------------------

EBITDA margin
Mobile telephony                      Note 1              50%         56%     51%     50%     53%     56%    56%     55%
Fixed telephony and Internet                              18%         22%     17%     20%     22%     24%    23%     21%
Cable TV                              Note 8              15%          9%     15%     15%     20%     23%    14%      4%
Total Tele2 in Sweden                                     38%         42%     38%     38%     41%     45%    43%     41%

EBIT
Mobile telephony                      Note 1            1,427       1,623     757     670     780     855    842     781
Fixed telephony and Internet                              176         257      75     101     131     135    135     122
Cable TV                              Note 8              -16         -22      -8      -8      -4      -3     -9     -13
                                             ----------------------------------------------------------------------------
Total Tele2 in Sweden                                   1,587       1,858     824     763     907     987    968     890
-------------------------------------------------------------------------------------------------------------------------

EBIT margin
Mobile telephony                      Note 1              44%         50%     45%     43%     47%     50%    50%     49%
Fixed telephony and Internet                               9%         13%      8%     11%     13%     15%    14%     12%
Cable TV                              Note 8             -17%        -22%    -17%    -17%     -7%     -6%   -18%    -27%
Total Tele2 in Sweden                                     30%         35%     31%     30%     34%     37%    36%     33%

</TABLE>


                              NOTES TO THE ACCOUNTS

Accounting principles and definitions
-------------------------------------
The Interim report has been prepared in accordance with the recommendations
RR1:00-RR28 of the Swedish Financial Accounting Standards Council. Tele2 has
reported its interim report in accordance with the accounting principles and
methods used in the Annual Report and Accounts for the financial year of 2002.
Definitions are stated in the Annual Report for 2002.

Note 1 Case against Telia
-------------------------
In the first quarter of 2002, Tele2 won a case in the Administrative Court
against Telia regarding payment principles for interconnection. The decision was
that Telia is liable for payments regarding traffic transited via their network
("Cascade Accounting") at certain tariffs rates. Telia has decided to ignore the
court's ruling. The Administrative Court of Appeal did not grant Telia
inhibition in this case and has at June 26, 2003 determined that Telia is liable
for payments. The judgement has been appealed to the Supreme Administrative
Court.

The effect of the decision is that Telia should pay a total of approximately
MSEK 350 to Tele2. As a consequence hereof an amount of approximately MSEK 150
and MSEK 87 is included in operating revenue for mobile telephony in Sweden in
the first and second quarter of 2002, respectively. The claim is hereby fully
recorded at June 30, 2002.

Note 2 Returned UMTS-licenses in Norway
---------------------------------------
During Q4 2002, Tele2 Norway returned its UMTS license. Consequently the net
book value of capitalized costs was entirety eliminated and MSEK -400 was
charged against depreciation in the fourth quarter 2002.

Note 3 Net interest and other financial expenses
------------------------------------------------
The Q4 2002 result is effected by a write-down of MSEK -86 regarding shares in
the investment Xsource Corporation. The cost is recorded in item "Net interest
and other financial expenses".

Note 4 Taxes
------------
At June 30, 2003 and December 31, 2002 the total deferred tax receivable for the
group is MSEK 693 and MSEK 1,246 respectively, and is included in the item
"Long-term financial assets".

Note 5 Shares and Convertibles
------------------------------
In October 2000, three Convertible debenture loans were issued at a par value of
SEK 1, each with rights to subscribe for 100,000 B-shares in Tele2 AB at a
subscription price of SEK 150 per share, and maturing in 2001, 2002 and 2003.
Tele2 had convertible debentures with right to subscribe to 100,000 B-shares
outstanding at June 30, 2003. Tele2 does also have outstanding warrants,
corresponding to 663,000 B-shares, with a subscription price of SEK 191 per
share and a subscription period from 2005 to 2006.


Note 6 Number of customers in Denmark
-------------------------------------
In Denmark the reported number of active customers is from Q4 2002 fully adopted
to the definitions within the Group. As a result of this, as a one-time effect,
the number of fixed and Internet customers was in Q4 2002 adjusted by -461,000.



Note 7 UMTS-nat AB in Sweden
----------------------------
The balance sheet for Svenska UMTS-nat AB in Sweden at June 30, 2003, in which
Tele2 owns 50% of the shares, is set out below.

<TABLE>

                                  MSEK                                                   MSEK
<S>                                <C>                                                    <C>
Fixed assets                       795       Equity                                       986
Current receivables                451       Long-term liabilities                        275
Cash and bank balances              42       Short-term liabilities                        27
---------------------------------------      -------------------------------------------------
Total assets                     1,288       Total equity and liabilities               1,288
---------------------------------------      -------------------------------------------------
</TABLE>

Contingent liabilities for Tele2 regarding guarantee for the loans of Svenska
UMTS-nat AB are MSEK 137 at June 30, 2003



Note 8 Nordic Market Area
------------------------

Within the Nordic Market Area, parts of the Datametrix operation were previously
reported under fixed telephony and Internet. These are now reported under data
processing. Furthermore, parts of ADSL and other broadband services were
previously reported under Cable TV. These are now reported under fixed telephony
and Internet. The historical numbers in this report have been restated
accordingly. This change was made to simplify internal reporting and to improve
product categorisation. These changes have had a negative, but not material,
impact on revenues and margins in the fixed telephony and Internet operation.

<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


TELE2 AB


By:    /s/ Hakan Zadler
       -------------------------------
Name:
Title:

Date:  August 5, 2003