[Yakkety] WIFI disconnections, fail in reconnection introduced from Xenial

Hallo
Wily with latest mainline kernel works great so I assume this issue is not related to linux.
Starting from Xenial I cannot (or sometimes I can for few times and for few minutes) connect to my wireless, even the mobile modem frequently disconnect with problem reconnecting back.
Even now I cannot reconnect to my mobile modem so I have to use the usb wire to it.

ProblemType: Bug
DistroRelease: Ubuntu 16.10
Package: network-manager 1.2.4-0ubuntu1
ProcVersionSignature: Ubuntu 4.8.0-17.19-generic 4.8.0-rc7
Uname: Linux 4.8.0-17-generic x86_64
ApportVersion: 2.20.3-0ubuntu7
Architecture: amd64
CasperVersion: 1.378
CurrentDesktop: Unity:Unity7
Date: Thu Sep 29 19:02:44 2016
IfupdownConfig:
 # interfaces(5) file used by ifup(8) and ifdown(8)
 auto lo
 iface lo inet loopback
IpRoute:
 default via 192.168.0.1 dev wlp4s1 proto static metric 600
 169.254.0.0/16 dev wlp4s1 scope link metric 1000
 192.168.0.0/24 dev wlp4s1 proto kernel scope link src 192.168.0.110 metric 600
LiveMediaBuild: Ubuntu 16.10 "Yakkety Yak" - Alpha amd64 (20160929)
NetworkManager.state:
 [main]
 NetworkingEnabled=true
 WirelessEnabled=true
 WWANEnabled=true
ProcEnviron:
 TERM=xterm-256color
 PATH=(custom, no user)
 XDG_RUNTIME_DIR=<set>
 LANG=en_US.UTF-8
 SHELL=/bin/bash
RfKill:
 0: phy0: Wireless LAN
  Soft blocked: no
  Hard blocked: no
SourcePackage: network-manager
UpgradeStatus: No upgrade log present (probably fresh install)
nmcli-dev:
 DEVICE TYPE STATE DBUS-PATH CONNECTION CON-UUID CON-PATH
 wlp4s1 wifi connected /org/freedesktop/NetworkManager/Devices/0 VodafoneMobileWiFi-CC8463 31bb378f-071e-49d9-96f5-600b2c1b511a /org/freedesktop/NetworkManager/ActiveConnection/15
 enp3s0 ethernet unavailable /org/freedesktop/NetworkManager/Devices/1 -- -- --
 lo loopback unmanaged /org/freedesktop/NetworkManager/Devices/2 -- -- --
nmcli-nm:
 RUNNING VERSION STATE STARTUP CONNECTIVITY NETWORKING WIFI-HW WIFI WWAN-HW WWAN
 running 1.2.4 connected started full enabled enabled enabled enabled enabled