I am also seeing this on Ubuntu 20.04.3 LTS Server. apt upgrade of systemd
"(249.11-0ubuntu3.9, 249.11-0ubuntu3.10)" results in:

Sep 22 22:25:27 mail systemd-networkd-wait-online[420]: Timeout occurred while 
waiting for network connectivity.
Sep 22 22:25:27 mail systemd[1]: systemd-networkd-wait-online.service: Main 
process exited, code=exited, status=1/FAILURE
Sep 22 22:25:27 mail systemd[1]: systemd-networkd-wait-online.service: Failed 
with result 'exit-code'.
Sep 22 22:25:27 mail systemd[1]: Failed to start Wait for Network to be 
Configured.

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https://bugs.launchpad.net/bugs/2036427

Title:
  Upgrade to version 249.11-0ubuntu3.10 breaks 12d1:15c1 Huawei  ME906s
  LTE M.2 Module

Status in systemd package in Ubuntu:
  Incomplete

Bug description:
  Description:  Ubuntu 22.04.3 LTS
  Release:      22.04

  After the latest upgrade our Huawei LTE modem is not working anymore.
  We can see the modem wie lsusb, but no interfaces gets activated and 
systemd-networkd-wait-online gets a timeout.

  The following packages have been upgraded:
  Upgrade: udev:amd64 (249.11-0ubuntu3.9, 249.11-0ubuntu3.10), 
systemd-timesyncd:amd64 (249.11-0ubuntu3.9, 249.11-0ubuntu3.10), 
libpam-systemd:amd64 (249.11-0ubuntu3.9, 249.11-0ubuntu3.10), libsystemd0:amd64 
(249.11-0ubuntu3.9, 249.11-0ubuntu3.10), libnss-systemd:amd64 
(249.11-0ubuntu3.9, 249.11-0ubuntu3.10), systemd:amd64 (249.11-0ubuntu3.9, 
249.11-0ubuntu3.10), libudev1:amd64 (249.11-0ubuntu3.9, 249.11-0ubuntu3.10), 
systemd-sysv:amd64 (249.11-0ubuntu3.9, 249.11-0ubuntu3.10), thermald:amd64 
(2.4.9-1ubuntu0.3, 2.4.9-1ubuntu0.4)

  When we switch back to an older version the modem is working again!

  Downgrade: systemd-timesyncd:amd64 (249.11-0ubuntu3.10,
  249.11-0ubuntu3.7), libpam-systemd:amd64 (249.11-0ubuntu3.10,
  249.11-0ubuntu3.7), libsystemd0:amd64 (249.11-0ubuntu3.10,
  249.11-0ubuntu3.7), libnss-systemd:amd64 (249.11-0ubuntu3.10,
  249.11-0ubuntu3.7), systemd:amd64 (249.11-0ubuntu3.10,
  249.11-0ubuntu3.7), systemd-sysv:amd64 (249.11-0ubuntu3.10,
  249.11-0ubuntu3.7)

  So the latest update breaks anything with that modem.

  The output of lsusb stays the same with both versions:
  Bus 001 Device 003: ID 12d1:15c1 Huawei Technologies Co., Ltd. ME906s LTE M.2 
Module

  With old packages "ip link" looks like that:
  9: wwan0: <BROADCAST,MULTICAST,NOARP,UP,LOWER_UP> mtu 1500 qdisc fq_codel 
state UNKNOWN mode DEFAULT group default qlen 1000
      link/ether 2e:c4:ac:0a:11:f2 brd ff:ff:ff:ff:ff:ff

  With new packages "ip link" does not show any wwan0 or similar interface.
  Other network interfaces are avaiable.

  The network interfaces are configured with /etc/network/interfaces:
  allow-hotplug wwan0
  iface wwan0 inet dhcp
   apn a1.net
   metric 100

  We use modemmanager to connect:
  /usr/bin/mmcli --modem 0 --simple-connect="apn=a1.net"

  "mmcli -L" can't find any modems on a upgraded system.
  With the previous version we see the Huawei modem:
      /org/freedesktop/ModemManager1/Modem/0 [Huawei Technologies Co., Ltd.] 
HUAWEI Mobile V7R11

  
  We have a lot of systems with Huawei LTE modems and that's a serious problem 
for us!
  Do you need more information to debug that problem?

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