Nokia's Plans To Divest HERE -- Is The Company Under Valued?

Nokia has planned to acquire Alcatel-Lucent for €16 billion, creating a powerhouse on the mobile networks infrastructure side. On the other hand, the company has also announced that the time is right to divest it’s HERE brand, the leading automotive digital map and location intelligence mobility provider. The valuation figures that are going around for the HERE brand is somewhere around €2 billion, but it is our belief that considering the future growth opportunities for this company, the valuation is on the conservative side.