Hi,
I encountered the same issue with my Iphone 5s (alternatively "searching network" or "no service"), I did find this workaround after several attempts :
1) eject/insert the simcard : failed (Iphone always says searching/no network, instead of "no sim"...)
2) insert another simcard : failed
3) reset all settings : failed
4) soft reset : failed
5) factory reset : I first thought I bricked my Iphone, because iphone was unable to activate on the network
Genius bar guy told me I'd better buy a new Iphone
Then here is how I'm able to make it work again :
6) after a factory reset, booting under DFU mode :
- Iphone switched off, connected to Macbook with itunes
- press home button and lock button together, and release lock button after 8sec
7) start a recovery with the latest backup
8) Iphone can't activate because no simcard is detected
9) insert another simcard... and this SOLVED THE PROBLEM (unlock code asked then ok)
10) eject this simcard and replace it with the old one ... still OK (unlock code asked then ok)
11) finish Iphone backup recovery... still OK
Unfortunately, after 2 weeks, the issue came back again, and I did the same, and it worked again.
Fyi, once it was necessary to add a little piece of paper behind the sim card at the step #10.
Hoping this will help some of you, and help Apple to find a solution.
The issues starts for me december 19th 2017 (iphone 5s 64Gb late 2013)
Please confirm if it works or if you have a better way / workaround...
JB