The past two weeks have seen the release of the first set of quarterly results significantly affected by the Covid-19 pandemic. The first calendar quarter will not reveal the full impact, of course. In many markets, real crisis thinking did not set in until March, and anyway, the situation remains so unpredictable that it is dangerous to read too much into a few weeks’ figures. However, some general patterns can be observed, and the outlook updates being offered by some companies provide useful indicators. In general, as we have analyzed before, the industry is bracing itself for short term disruption to supply chains, operator finances and build-out resources, lasting into the autumn. That will be mitigated in some countries, most…