There is only a xconnect expense if the peering happens at a third party datacenter. If it is a first party datacenter any xconnect fees can be considered part of the peering price. There is also the case where one party leases or builds a fiber to the other party. The xconnect always goes to the DC owner but there is usually a choice of companies that can lease fiber. The transit provider might own the fiber and provide the fiber lease and transit charge as one combined offer. We buy transit from the incumbent teleco. There is no xconnect because we are in the building already with our gpon equipment and all cost is regulated by the government. The regulator put the price of xconnect at $0 because frankly xconnect is a made up cost. Regards Baldur