Telenor says sale of Myanmar unit gets final approval from junta; buyers are a local company and Lebanese investment firm

Customers line up outside a showroom to buy SIM cards at Telenor telecommunication company, in Yangon, Myanmar, Oct. 26, 2014. Norwegian telecoms giant Telenor has announced that regulators in Myanmar have approved its plan to sell its business there. - AP

SINGAPORE, March 20 (Reuters): Myanmar's junta has given the final approval for the sale of Norwegian telecommunications company Telenor's operations in the country to a local company and a Lebanese investment firm, the firm has announced.

Telenor Chief Executive Sigve Brekke said in a statement the firm had to leave the country to "adhere to our own values on human rights and responsible business, and because local laws in Myanmar conflict with European laws".