As filed with the Securities and Exchange Commission on May 10, 2006

# 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 1934For the month of**May**2006



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

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> 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

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

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FOR IMMEDIATE RELEASE

| | April  28, 2006
| | ---------------





ISSUE OF WARRANTS



Tele2 AB (publ) today announced that the Board of Directors resolved to issue a maximum of 1,576,000 warrants pursuant to the prior authorisation by the General Meeting.

The Board of Directors resolved on this day to issue a maximum of 1,576,000 warrants each entitling to subscription for one new Class B share in Tele2 AB during the period commencing on the date of registration of the issue by the Swedish Companies Registration Office up to and including 31 March 2011. The exercise price for a warrant shall be SEK 94.80, which corresponds to 110 per cent. of the average last trading price for Tele2 ABs Class B shares, during the period 22 February - 7 March 2006. Notwithstanding the shareholders preferential rights, the party entitled to subscribe for the warrants shall be a wholly-owned subsidiary of Tele2 AB. The issue was effected pursuant to a decision by the Extraordinary General Meeting held on 21 February 2006 to authorise the Board of Directors to resolve to issue a maximum of 2,118,000 warrants in order to ensure delivery of Class B shares under the stock options in the incentive program.





CONTACTS

|Lars-Johan Jarnheimer              | Telephone:  + 46 8 5626 4000 
|---------------------------------- | -----------------------------
|President and CEO, Tele2 AB        |                              
|                                   |                              
|Håkan Zadler                       | Telephone:  + 46 8 5626 4000 
|CFO, Tele2 AB                      |                              
|                                   |                              
|Dwayne Taylor                      | Telephone:  + 44 20 7321 5038
|Lena Krauss                        | Telephone:  + 46 8 5620 0045 
|Investor enquiries                 |                              
|                                   |                              
|Visit our web site atwww.tele2.com |                              



Tele2 is Europes leading alternative telecom operator. Our mission is to offer cheap and simple telecoms. Tele2 always strives to offer the markets best prices. We have over 30 million customers in 23 countries. Tele2 offers products and services in fixed and mobile telephony, broadband and cable TV. Ever since Jan Stenbeck founded Tele2 in 1993, the company has been a tough challenger to the former government monopolies. Tele2 has been listed on the Stockholm Stock Exchange since 1996. In 2005, we reported operating revenue of SEK 50 billion and EBITDA of SEK 6.6 billion.









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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/ Håkan Zadler
  Name: 
  Title:   CFO
  Date: May 10, 2006