Same problem, I signed up for iOS BETA program, I have an iPhone 7, 32 gb, version 12.1 (16B5089b), this has been occured 6 time in 4 hours, and signal (mobile data) comes and goes, I thought I finally fixed it with enable plane mode, then turn it off and then remove sim card, wait for three minutes and then insert sim card, I turned it on, disable plane mode and magically gets connected again, but in 5 minutes this problem happened again, first 4G text got removed, then then carrier name and again "no service" text again.
My carrier says is not a problem with signal, sim card or anything else realted to them, they says it has to be the phone or software.