Leading auditor Professor Itzhak Suary has estimated the value of ECI Telecom (Nasdaq:ECIL) at $1 billion to $1.2 billion, Ma¿ariv reported.

ECI's new chairman, ex-Nortel official David A. Ball, will be receiving options worth millions of dollars, the paper added.

Suary heads the Joseph Kasierer Institute for Research in Accounting at Tel Aviv University.