Updated from 7:39 a.m. EDT Shares in Dutch telecom company Equant NV ( ENT) jumped today following a report it was the object of affection for two large telecommunications companies. Both France Telecom ( FTE) and U.S.-based Global Crossing ( GBLX) have their eyes on Equant, which could sell for as much as $10 billion, according to a report in Tuesday's Wall Street Journal. Shares in Equant were up 6 7/16, or 15%, to 48 13/16 in afternoon trading Tuesday. (They finished up 6 3/4, or 16%, at 49 1/8.) According to the report, the more likely scenario is France Telecom buying Equant. France Telecom had an exclusive right to negotiate with Equant, but it recently expired.