It is already fixed.
Seemingly when I installed Alpha3 modemmanager wasn't added to ubuntu-
desktop task and therefore no modem fun for me in NetworkManager.
Installed it and everything works now like a charm.
** Changed in: network-manager (Ubuntu)
Status: New => Invalid
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NetworkManager doesn't recognise Huawei E1692 model anymore
https://bugs.launchpad.net/bugs/412362
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