I am also facing the same thing. I have contacted Maxis and they have mentioned that they have been receiving similar complaints about this problem from iphone11 users, since March 2023.
For me, this problem happens around 2 weeks after getting this phone, and I am using Maxis Postpaid plan, which was just recently upgraded one week after I bought the phone. I used prepaid before, and I don’t remember having the problem with mobile data connectivity during that one week. I am not too sure if the switching in phone plan is causing the problem, but when I switch my SIM card to another iPhone and android phone it seems to be working fine.
I’ve reached out to Apple Support and their SG cc called me back (since I seem to be unable to get ahold of the cc in Malaysia). They’ve done the diagnostic remotely and didn’t find any problem with the hardware, so all they are suggesting now is to go to Maxis and get a new SIM card or switch to eSim. The thing is, the SIM card works fine in other phone, and when I tried another SIM card in my phone, the signal seems to be problematic again. I am not sure if I should try to switch to eSim as they suggested, or if I should just wait this out. It’s so frustrating, when you are out and about and needed internet connection. I hope Apple look into this more seriously.