For anyone having similar issues here is the solution…
<?php
$field = get_field_object('report_technology_pages');
$technologies = get_field('report_technology_pages'); // array of selected technology values ?>
<ul>
<?php foreach($technologies as $technology){ ?>
<li><a href="<?php echo $technology; ?>"><?php echo $field['choices'][ $technology ]; ?></a></li>
<?php } ?>
</ul>
</div>
